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An announcement from Taoping ( (TAOP) ) is now available.
On January 13, 2025, Taoping Inc. entered into a Securities Purchase Agreement with Streeterville Capital, LLC, resulting in the issuance of an unsecured convertible promissory note valued at $1,311,000. This agreement, which has a 12-month maturity and an annual interest rate of 7%, allows for conversion into ordinary shares of Taoping Inc. at a fixed price of $3.00 per share, subject to conditions. The transaction is expected to provide financial flexibility for Taoping, potentially impacting its market operations by increasing liquidity and enabling strategic maneuvers in the competitive digital media landscape.
More about Taoping
Taoping Inc., based in Shenzhen, China, operates within the technology and digital media industry, focusing on the development and provision of intelligent cloud platforms, digital advertising solutions, and smart city applications. The company aims to enhance the integration of cloud services and digital media to support various business and municipal functions.
YTD Price Performance: -21.84%
Average Trading Volume: 3,190,007
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.61M
For an in-depth examination of TAOP stock, go to TipRanks’ Stock Analysis page.
