Taoping Received a notification that the minimum buying price on NASDAQ did not meet the requirements
Tianjin, China, October 14, 2026 / PRNewswire / -- Taoping Inc. (Nasdaq ticker: TAOP, hereinafter referred to as the "Company") is a company that provides cloud-based smart city, Internet of Things, and intelligent infrastructure solutions. The Company announced today that on October 13, 2026, it received a written notice from Nasdaq Stock Market LLC (Nasdaq) (the "Notice") stating that the Company currently does not meet the minimum bid price requirement stipulated by Nasdaq Listing Rule 5550(a)(2). This rule requires that listed securities maintain a minimum bid price of at least $1.00 per share.
Nasdaq Listing Rule 5810(c)(3)(A) stipulates that if such a deficiency persists for 30 consecutive trading days, it is considered that the minimum purchase price requirement is not met. Based on the closing purchase prices of the company's common stock for the 30 consecutive trading days from August 31, 2026, to October 12, 2026, the company no longer meets the minimum purchase price requirement. The company is issuing this press release in accordance with Nasdaq Listing Rule 5810(b), which requires timely disclosure after receiving a notification letter.
In accordance with NASDAQ Listing Rule 5810(c)(3)(A), the company has a compliance period of 180 calendar days, or until April 12, 2027 (the “compliance period”), to restore compliance with NASDAQ’s minimum purchase price requirement. If at any time during the compliance period, the closing purchase price of the company’s common stock reaches $1.00 per share for at least 10 consecutive trading days, NASDAQ will issue a written confirmation of compliance to the company, and the matter will be concluded. However, if at any time during the compliance period, the closing purchase price of the company’s common stock remains at $0.10 per share or below for 10 consecutive trading days, NASDAQ will issue a delisting decision regarding the company’s common stock in accordance with NASDAQ Listing Rule 5810(c)(3)(A) ( iii ). If the company chooses to implement a reverse stock split, it must complete the split no later than 10 trading days prior to April 12, 2027, in order to restore compliance.
If the company fails to comply with the minimum purchase price requirement by April 12, 2027, it may be eligible for an additional 180 calendar days of grace period. To qualify for this grace period, the company must meet all the initial listing requirements of the NASDAQ Capital Market, including the public holding market value and any other requirements besides the purchase price requirement. Additionally, the company must notify NASDAQ in writing during the second compliance period of its intention to remedy the deficiencies by implementing a reverse stock split, if necessary. If the company does not qualify during the second compliance period or fails to comply within the second 180-day period, NASDAQ will notify the company of its decision to delist its common shares. At that time, the company may appeal against this delisting decision to an adjudication panel.
This notification will not immediately affect the listing status of the company's common shares, which will continue to be traded on NASDAQ under the code “TAOP” without interruption.
The company stated that it will monitor the closing purchase price of common shares and may consider taking available options under appropriate circumstances to restore compliance with NASDAQ Listing Rule 5550(a)(2) requirements for the minimum purchase price.
Regarding Taoping Inc.
Taoping Inc. (Nasdaq ticker: TAOP) has long been successful in the development of innovative cloud technologies for smart city IoT platforms and related products and services. The company has established a wide range of urban partner ecosystems and has formed a high-value, high-traffic regional product portfolio that combines its smart cloud platform, cloud services, solutions, and new media. For more information, please visit: http :// en.taop.com.
Safe Harbor Statement
This press release contains “forward-looking statements” that involve significant risks and uncertainties. All statements in this press release, other than those that are historical facts, such as statements regarding our expected future operating results and financial conditions, strategies and plans, as well as objectives or purposes, constitute forward-looking statements as defined by Section 27A of the Revised Securities Act of 1933 and Section 21E of the Revised Securities Exchange Act of 1934. We have attempted to identify forward-looking statements by using words such as “我们预计,” “we believe,” “may,” “can,” “will continue,” “could,” “estimate,” “expect,” “intend,” “perhaps,” “plan,” “potential,” “predict,” “should,” or “will,” or their negative forms, or other similar expressions. Our actual results may differ significantly from those discussed in this press release or implied by these forward-looking statements. There are many factors that could cause significant differences between actual results and the results stated in this press release, including: our ability to achieve or maintain profitability, or to reasonably predict future performance; risks associated with strategic transformation, including the success of transitioning from traditional business to platform-based services; risks related to implementing growth strategies in the smart elevator and smart infrastructure markets; our ability to obtain additional financing on acceptable terms if necessary; fierce competition in the IoT and smart city technology markets; changes in domestic and international laws, regulations, and taxes; uncertainties related to China’s legal system, as well as economic, political, and social events in China; fluctuations in the securities market; and other risks, including but not limited to those discussed or mentioned in the disclosure documents submitted by the company to the U.S. Securities and Exchange Commission (“SEC”). These documents can be found at the SEC website SEC, including the company’s most recent 20-F annual report and other reports submitted or provided to the SEC from time to time.The forward-looking statements in this press release are only valid as of the date of issuance of this press release. The company assumes no obligation to publicly update or revise any such forward-looking statements, unless required by applicable law.
