# Taoping Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

- Link: https://www.thailand-business-news.com/pr-news/taoping-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency
- Published: 2026-10-15T03:00:00+07:00
- Author: PR Newswire

TIANJIN, China, Oct. 15, 2026 /PRNewswire/ — Taoping Inc. (Nasdaq: TAOP, the "Company"),
a provider of cloud-based smart city, Internet of Things and intelligent infrastructure
solutions, today announced that on October 13, 2026, it received a written notification
letter (the "Notification Letter") from The Nasdaq Stock Market LLC ("Nasdaq"), 
notifying the Company that it is currently not in compliance with the minimum bid
price requirement set forth under Nasdaq Listing Rule 5550(a)(2), which requires
listed securities to maintain a minimum bid price of US$1.00 per share.

Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid
price requirement exists if the deficiency continues for a period of 30 consecutive
business days. Based on the closing bid price of the Company’s ordinary shares for
the 30 consecutive business days from August 31, 2026 through October 12, 2026, 
the Company no longer meets the minimum bid price requirement. This press release
is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure
of receipt of the Notification Letter.

Pursuant to 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 regain
compliance with Nasdaq’s minimum bid price requirement. If at any time during the
Compliance Period the closing bid price of the Company’s ordinary shares is at least
US$1.00 for a minimum of ten consecutive business days, Nasdaq will provide the 
Company with written confirmation of compliance and the matter will be closed. However,
if at any time during the Compliance Period the closing bid price of the Company’s
ordinary shares is US$0.10 or less for ten consecutive trading days, Nasdaq will
issue a delisting determination with respect to the Company’s ordinary shares pursuant
to 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 ten business days 
prior to April 12, 2027 in order to regain compliance.

In the event the Company does not regain compliance with the minimum bid price requirement
by April 12, 2027, the Company may be eligible for an additional 180 calendar day
grace period. To qualify, the Company will be required to meet the continued listing
requirement for market value of publicly held shares and all other initial listing
standards for The Nasdaq Capital Market, with the exception of the bid price requirement,
and will need to provide written notice of its intention to cure the deficiency 
during the second compliance period, by effecting a reverse stock split, if necessary,
to Nasdaq. If the Company does not qualify for the second compliance period or fails
to regain compliance during the second 180-day period, then Nasdaq will notify the
Company of its determination to delist the Company’s ordinary shares, at which point
the Company will have an opportunity to appeal the delisting determination to a 
Hearings Panel.

The Notification Letter has no immediate effect on the listing of the Company’s 
ordinary shares, which will continue to trade uninterrupted on Nasdaq under the 
ticker "TAOP".

The Company intends to monitor the closing bid price of the ordinary shares and 
may, if appropriate, consider implementing available options to regain compliance
with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).

**About Taoping Inc. **

Taoping Inc. (Nasdaq: TAOP) has a long history of successfully leveraging technology
in the development of innovative cloud-based technologies on the Smart City IoT 
platform, and related products and services. The Company has built a far-reaching
city partner ecosystem and comprehensive portfolio of high-value, high-traffic areas
for its products, which are aligned together with Taoping’s smart cloud platform,
cloud services and solutions, and new media. For more information about Taoping,
please visit [http://en.taop.com](http://en.taop.com).

**Safe Harbor Statement **

This press release contains "forward-looking statements" that involve substantial
risks and uncertainties. All statements other than statements of historical facts
contained in this press release, such as statements regarding our estimated future
results of operations and financial position, our strategy and plans, and our objectives
or goals, are forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. We have attempted to identify forward-looking statements by
terminology including "anticipates," "believes," "can," "continue," "could," "estimates,""
expects," "intends," "may," "plans," "potential," "predicts," "should," or "will"
or the negative of these terms or other comparable terminology. Our actual results
may differ materially or perhaps significantly from those discussed herein, or implied
by these forward-looking statements. There are a significant number of factors that
could cause actual results to differ materially from statements made in this press
release, including: our potential inability to achieve or sustain profitability 
or reasonably predict our future results; risks related to our strategic transformation,
including our ability to successfully transition from legacy businesses to platform-
based services; risks related to executing our growth strategy in the smart elevator
and intelligent infrastructure markets; our ability to obtain additional financing
on acceptable terms if needed; intense competition in the IoT and smart city technology
markets; changes in domestic and foreign laws, regulations and taxes; uncertainties
related to China’s legal system and economic, political and social events in China;
the volatility of the securities markets; and other risks including, but not limited
to, those that we discussed or referred to in the Company’s disclosure documents
filed with the U.S. Securities and Exchange Commission (the "SEC") available on 
the SEC’s website at [www.sec.gov](https://www.sec.gov/), including the Company’s
most recent Annual Report on Form 20-F as well as in our other reports filed or 
furnished from time to time with the SEC. The forward-looking statements included
in this press release are made as of the date of this press release and the Company
undertakes no obligation to publicly update or revise any forward-looking statements,
other than as required by applicable law.

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