Taoping Inc. (TAOP), a provider of cloud platform services and solutions, Tuesday announced one-for-thirty reverse stock split effective May 29.
The reverse stock split is intended to satisfy the $1.00 minimum bid price requirement for continued listing on the Nasdaq Stock Market.
Following the reverse stock split, the company will have about 0.89 million shares outstanding.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.