What's Going On With Taoping Shares Friday?
What's Going On With Taoping Shares Friday?
Taoping Inc. (NASDAQ:TAOP) stock is trading higher on Friday after the company announced it received an additional 180 days for compliance with the Nasdaq minimum bid price requirement.
淘屏公司（納斯達克：TAOP）股票在週五交易中上漲，此前該公司宣佈獲得額外180天的時間以符合納斯達克最低買盤價格要求。
The Details: The minimum bid price requirement is that the company's shares must have a closing price of at least $1.00 per share. To regain compliance, Taoping's shares must close at or above that price for 10 consecutive business days.
詳細信息：最低買盤價格要求是公司的股票必須至少有每股1.00美元的收盤價。爲了恢復合規，淘屏的股票必須連續10個交易日以該價格或更高收盤。
The company has until June 16 to achieve this. Taoping risks being delisted from the Nasdaq if the company does regain compliance by mid June.
該公司必須在6月16日之前實現這一目標。如果淘屏在6月中旬之前未能恢復合規，可能面臨從納斯達克退市的風險。
What Else: At the start of December, Taoping announced it signed a non-binding letter of intent to acquire Shenzhen Yunti Internet of Things Co., Ltd.
其他信息：在12月初，淘屏宣佈簽署了一份非約束性的意向書，以收購深圳雲梯物聯網有限公司。
Jianghuai Lin, Chairman and CEO of Taoping, said, "We are excited about the proposed acquisition of Yunti, which aligns strategically with our Smart City product portfolio, customer base, and geographic footprint. Upon deal closure and integration, we anticipate that this transaction will position our business to expand into higher growth, more profitable segments in the huge Chinese elevator equipment industry, with even more attractive long-term demand catalysts."
淘屏董事長兼首席執行官林江懷錶示：「我們對收購雲梯感到興奮，因爲這與我們的智慧城市產品組合、客戶基礎和地域佈局在戰略上高度契合。在交易完成和整合後，我們預計這一交易將使我們的業務擴展到中國電梯設備行業中更高增長、更具盈利性的細分市場，具備更具吸引力的長期需求推動因素。」
TAOP Price Action: At the time of writing, Taoping stock is trading 35.7% higher at 43 cents, according to data from Benzinga Pro.
TAOP價格動態：根據Benzinga Pro的數據，截至撰寫時，淘屏股票上漲了35.7%，交易價格爲43美分。
Image: Photo via Shutterstock
圖片：通過Shutterstock獲取的照片