Taoping Inc. Approves 1-for-30 Reverse Stock Split to Boost Share Price

Taoping Inc. Announces Reverse Stock Split

SHENZHEN, China, May 27, 2025 – Taoping Inc., a company listed on Nasdaq under the symbol TAOP, has recently approved a significant corporate action, a 1-for-30 reverse stock split. This move is strategically intended to boost the trading price of its ordinary shares and meet the minimum bid price requirement set by the Nasdaq Stock Market.

The board of directors' decision to consolidate shares will take effect on May 29, 2025. From this date, shareholders will notice that each set of thirty ordinary shares they hold will automatically convert to a single ordinary share without requiring any action from those with shares held in brokerage accounts. Shareholders who have physical certificates will receive guidance from the Company's transfer agent, TranShare Corporation, about exchanging their certificates for the new consolidated shares.

This action will not only aim to elevate the share price above the $1.00 mark but also maintain compliance with Nasdaq listing standards. Following this split, Taoping Inc. anticipates having approximately 0.89 million ordinary shares outstanding, excluding those associated with options and convertible notes. Importantly, while the number of issued shares will be reduced, the total authorized shares will remain unchanged.

Implications of the Reverse Stock Split

The reverse stock split intends to enhance the market's perception of Taoping's stock by potentially increasing its price per share. This could assist in attracting more institutional investors and improving liquidity in the trading of its shares. The consolidation is also expected to eliminate any fractional shares that arise from the split; such fractions will be rounded up to the nearest whole number.

About Taoping Inc.

Taoping has carved a niche in the realm of innovative smart cloud solutions. Over the years, the Company has showcased its capability to leverage technology in crafting advanced services aimed at bettering communication and marketing strategies for both public and private sectors. Driven by a strong partner ecosystem, Taoping's product portfolio aligns closely with its state-of-the-art cloud platform and artificial intelligence initiatives.

For those seeking more information, Taoping’s website offers a detailed overview of their offerings and advancements. Here, interested parties can dive deeper into Taoping’s innovative solutions and business strategies.

A Forward-Looking Approach

While sharing exciting developments, Taoping Inc. also issued a note of caution regarding forward-looking statements. This includes acknowledgment of the many variables that can influence the actual results versus projections. Factors such as competition, regulatory changes, and macroeconomic conditions could lead to variances from the anticipated outcomes.

As Taoping Inc. embarks on this new chapter following the reverse stock split, all eyes will be on its market performance and strategic direction. Stakeholders are invited to stay informed about further initiatives and updates from the company. With a history rooted in technology innovation and customer value, Taoping looks forward to strong performance in the future.