Taoping Inc. (TAOP) received a written Nasdaq notification on October 13, 2026, that its ordinary shares no longer met the US$1.00-per-share minimum bid price requirement, based on closing bid prices over the 30 consecutive business days from August 31, 2026 through October 12, 2026.
Taoping has until April 12, 2027, the end of its 180-calendar-day compliance period, to regain compliance. Nasdaq will confirm compliance if the closing bid price is at least US$1.00 for a minimum of ten consecutive business days during that period. If the price is US$0.10 or less for ten consecutive trading days, Nasdaq will issue a delisting determination. The notice has no immediate effect on the listing; the shares continue to trade uninterrupted on Nasdaq. If Taoping chooses a reverse stock split, it must complete it no later than ten business days before April 12, 2027. The company may be eligible for an additional 180-calendar-day period if it meets the stated listing standards and provides written notice of its intention to cure the deficiency.
Taoping Inc. (TAOP) reported unaudited results for the six months ended June 30, 2026: revenue was $11,879,346, compared with $17,602,821 in 2025, and net loss was $2,494,622, versus $4,679,549. Net cash used in operations was $2,354,074, compared with $1,478,313. At June 30, cash and cash equivalents were $964,366, working capital surplus was approximately $10.6 million, short-term bank loans were $5,536,156 and long-term bank loans were $5,736,965.
On July 15, 2026, TAOP issued an unsecured convertible promissory note with original principal of $3,195,000, including an original issue discount of $180,000 and $15,000 of investor legal and other transaction costs; net proceeds were approximately $3.0 million, and the note has a 12-month maturity. Management believes TAOP can raise needed capital and operate as a going concern, but says substantial doubt exists if its businesses or strategies do not go well or a later capital raise is insufficient to bridge financial and liquidity shortfalls.
Taoping Inc. (TAOP) reports a change in independent auditors and highlights prior audit concerns. On August 31, 2026, the audit committee dismissed PKF Littlejohn LLP and engaged Li CPA LLC as the new independent registered public accounting firm to audit the year ending December 31, 2026.
PKF’s audit reports for the years ended December 31, 2025 and 2024 contained explanatory paragraphs describing factors that raised substantial doubt about Taoping’s ability to continue as a going concern. Management also previously identified material control deficiencies, including lack of formal going concern and impairment assessment processes, inadequate US GAAP training for finance staff, and weak procedures for identifying related parties and related party transactions.
Taoping Inc. reported leadership changes and a board appointment. On August 11, 2026, Zhiqiang Zhao resigned as a member of the board of directors and as President, and Huan Li resigned as Chief Marketing Officer, effective immediately. The company stated these resignations were not due to any disagreement regarding operations, policies, or practices.
In connection with the departures, the board eliminated the offices of President and Chief Marketing Officer and plans to reallocate their responsibilities among existing management. On August 12, 2026, the board appointed Bin Ma, the company’s Co-Chief Executive Officer, as a director to fill the vacancy created by Zhao’s resignation. The company noted that Ma was not appointed under any arrangement with another person, has no family relationships with other directors or executive officers, and has no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.
Taoping Inc. reports a significant outside holder of its Ordinary Shares. Streeterville Capital LLC, together with Streeterville Management LLC and John M. Fife, beneficially owns 954,323 Ordinary Shares, representing 9.99% of the class, with sole voting and dispositive power over these shares.
The position arises from a convertible promissory note that could allow ownership of more shares but is contractually limited by a 9.99% ownership cap. The 9.99% stake is based on 9,552,783 shares outstanding as of July 14, 2026, as referenced from Taoping’s own disclosure. Streeterville Management LLC manages Streeterville, and John M. Fife is the sole member of Streeterville Management LLC.
Taoping Inc. entered into a Securities Purchase Agreement with Streeterville Capital, LLC and issued an unsecured 12‑month convertible promissory note with an original principal amount of $3,195,000, including a $180,000 original issue discount and $15,000 of investor costs. The note bears interest at 7% per annum, with the outstanding balance potentially increasing by 15% or 10% if specified Trigger Events occur and default interest up to 18% per annum. Investor consent is required for fundamental transactions such as mergers, major asset sales, or changes of control.
Investor may convert amounts into ordinary shares at a $6.00 conversion price and may redeem up to $250,000 per month, payable in cash, shares, or a combination based on a Redemption Conversion Price tied to 80% of the lowest daily VWAP over 10 trading days, subject to a $0.30 floor and equity‑condition requirements. Conversions are limited so the investor cannot beneficially own more than 9.99% of outstanding ordinary shares. Taoping may prepay balances at 120% of the amount prepaid, and later cash redemptions after half of the original principal has been redeemed in cash carry a 25% premium.
On July 15, 2026, Taoping closed this financing and filed a prospectus supplement under its Form F‑3 to register up to 2,970,440 ordinary shares issuable upon conversion of the note. Net proceeds are estimated at approximately $3.0 million, to be used for working capital and general corporate purposes.
Taoping Inc. is issuing a $3,195,000 unsecured convertible promissory note and registering up to 2,970,440 ordinary shares for issuance to the investor upon conversion or redemption. The note bears 7% simple annual interest and matures twelve months after the investor funds the purchase price.
The investor may convert at a fixed $6.00 Lender Conversion Price, or Taoping may satisfy monthly redemptions of up to $250,000 in cash or shares at the Redemption Conversion Price, the lesser of $6.00 and 80% of the lowest 10‑day VWAP, subject to a $0.30 Floor Price and a 9.99% Beneficial Ownership Limitation. No more than 2,970,440 shares are issuable under this supplement; excess amounts must be settled in cash or under another registration.
Taoping’s ordinary shares trade on Nasdaq under “TAOP” and numbered 9,552,783 outstanding as of July 14, 2026, before any conversions. Estimated net proceeds of about $3.0 million will be used for working capital and general corporate purposes. The company operates through subsidiaries primarily in China and highlights significant PRC regulatory and HFCA Act risks that could affect operations and the value or listing of its securities.
Taoping Inc. filed an amendment to a Form F-3 shelf registration dated May 22, 2026 to register up to $100,000,000 of Ordinary Shares, debt securities, warrants, rights and units for sale from time to time. The prospectus discloses that Taoping’s Ordinary Shares trade on Nasdaq under the symbol TAOP and reports an aggregate market value of outstanding Ordinary Shares held by non-affiliates of approximately $13.2 million based on 9,552,783 outstanding Ordinary Shares and the highest closing price in the prior 60 days.
The prospectus highlights material China-related risks including PRC regulatory oversight of overseas listings, HFCA Act/PCAOB inspection implications, foreign exchange and SAFE approvals for cross-border transfers, and evolving cybersecurity/data laws. It also summarizes recent corporate activity including acquisitions and intercompany cash flow items and states Taoping does not expect to pay dividends in the foreseeable future.
Taoping Inc. filed its annual report on Form 20-F, describing a BVI holding-company structure that operates mainly through subsidiaries in China and highlighting significant legal, regulatory and cash-transfer risks tied to its China focus. As of December 31, 2025, Taoping had 9,552,783 ordinary shares and 50,418 class A shares outstanding.
The company reports continued net losses, auditor-raised substantial doubt about its ability to continue as a going concern, and restrictions on dividend distributions from PRC subsidiaries. Taoping also agreed to acquire Skyladder Group for approximately RMB 152 million (about US$21.36 million), payable in 7,882,921 ordinary shares, with ambitious multi‑year performance targets.