{"id":417722,"date":"2021-01-20T08:33:18","date_gmt":"2021-01-20T13:33:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=417722"},"modified":"2021-01-20T08:33:18","modified_gmt":"2021-01-20T13:33:18","slug":"taop-raises-2-0-million-to-accelerate-growth","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/taop-raises-2-0-million-to-accelerate-growth\/","title":{"rendered":"TAOP Raises $2.0 Million To Accelerate Growth"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SHENZHEN, Jan.  20, 2021  (GLOBE NEWSWIRE) &#8212; Taoping Inc. (NASDAQ: TAOP, the \u201cCompany\u201d), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced that it has entered into a securities purchase agreement (the \u201cPurchase Agreement\u201d) with certain investors (the \u201cInvestors\u201d) on January 19, 2021.<\/p>\n<p align=\"justify\">Pursuant to the Purchase Agreement, the Company agreed to sell to the Investors an aggregate of 740,740 ordinary shares, no par value (the \u201cOrdinary Shares\u201d) at a purchase price of $2.7 per share, in a registered direct offering. The gross proceeds to the Company from the financing are approximately $2.0 million before deducting estimated offering expenses.<\/p>\n<p align=\"justify\">For more details of the financing, please see the Company\u2019s Report on Form 6-K to be filed on or about January 21, 2021.<\/p>\n<p align=\"justify\">This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n<p align=\"justify\">\u201cWe appreciate the Investors\u2019 confidence in our management team and growth strategy, and will continue to serve customers well and create long-term value for shareholders,&#8221; said Mr. Jianghuai Lin, Chairman and CEO of TAOP.<\/p>\n<p>\n        <strong>About Taoping Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Taoping Inc. (TAOP), is a leading provider of smart display terminals for targeted advertising and online retail. The Company provides integrated end-to-end digital advertising solutions enabling customers to distribute and manage advertisements on advertisement display terminals. Connecting cloud-based advertisement terminal owners, advertisers and consumers, it builds up a resource sharing &#8220;Smart IoT Terminal &#8211; Taoping Net\/ App &#8211; Taoping Go (e-Store)&#8221; media ecosystem to ultimately achieve the mission &#8220;our technology makes advertising and branding affordable and effective for everyone.&#8221; To learn more, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZOvr0DxdarrOby2du0l5AILvnFSKMC4cUWgv9R69vK0CpfiV24EDZDZXO1sKB--6A46uffv7t4BnbzROtAdoYg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>http:\/\/www.taop.com\/<\/u><\/a>.<\/p>\n<p>\n        <strong>Safe Harbor Statement<\/strong>\n      <\/p>\n<p align=\"justify\">This press release may contain certain &#8220;forward-looking statements&#8221; relating to the business of Taoping Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are &#8220;forward-looking statements&#8221; in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as &#8220;believes&#8221;, &#8220;expects&#8221; or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company\u2019s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company\u2019s periodic reports that are filed with the Securities and Exchange Commission and available on its website (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZOvr0DxdarrOby2du0l5AOZ8dgEoRHLbTXsBgZmpuijup3TOjV9NBGm4oNfjFw1n-IvGiyGR_8LNr5xHp22J5A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>http:\/\/www.sec.gov<\/u><\/a>). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.<\/p>\n<p>\n        <strong>For further information, please contact:<\/strong>\n      <\/p>\n<p>\n        <strong>Taoping Inc.<\/strong><br \/>\n        <br \/>Chang Qiu<br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7Vb81JCliqcE7MJkMOf3ATy2CTlQ0dZjRZhLWJcnL4WeIcAXkzqIOzZoIr24YbpbxSAM6Wny2wGXcaJv61BEI4ayPGot7Mp2T0Bmq1ur6oGXOZc-Eks7wBGeNGTTtiIZoIALLsqnyDg2trP2rU5Zs-WmrP-fMau8lEW2FX3aoy-gm89dC2sMhtbAIfwO7lWqeX17LL79gjUNt-QOpjnIo1qgJGF-ck2ox7f8X2Ej8TnZixns1mTWtRGHQk0cFISf68V2K1wbxkbkMKbrCOi-GXnJkqbXf3Lr7wu2r4Y4eebQhRgpegQapSdUrJ-BJJmMJl-Kr1eDX3cLKh9LBADGobX2bgHC-_jI1rbkaJQ9U3Qwo__k7QyvyRjecUuPLKrpq5rtebw3N0KoH1zFtnBnCwdDum_UCEGtZdSr6wN7_-tfB4qICLmlp-xVK7y-so0LwUc0qLv0Mra6i0br8l3rBL5xq6ig0Ymh26usSrtYxk8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">chang_qiu@taoping.cn<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZOvr0DxdarrOby2du0l5ABN7zxjLQ1G5-HpPkbxjriMa_rqd-yDoJnfY5GlagHjjDYaNaimyEA0vsf9KiSTBt2J3V1jgoI7qDpNJe2ux0w2vIWdQk4S2Ard-MmJQEm4UiBpJzlEUf0PF8ZCVYybujTHWVWgcC_Q9KrpaJxay-hc7FsTH0nx5glaipu2OuUrmVWqmJiJvmR9iIV9r00PaOpojDZ3qzq1NXNomq1ekki0fUn-d8yeOgl4pM2k9-0SBJRP-KG7xMr43TxOA6zokZviIyYJ0BlbOn0XMrGSwzRX01Tm2TPRkaTqK4hnu2YDQ1TXNqPmP4OicP7H2YjXLeW6GYuhhyKmLrLLPExLWyd1sgt6jIo00AoyruBeobmUguI1mRUjGdNY35_sgGQha3OnWZsr7h0BdGWUMycEyGIWDZ7bWyw6p5fNCHRQqQDoP\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/www.taop.com\/<\/a><br \/>or<\/p>\n<p>\n        <strong>Dragon Gate Investment Partners LLC<\/strong><br \/>\n        <br \/>Tel: +1(646)-801-2803<br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LgwG17FBLA7oAXT45wHb9PW1XhYS9RGKdVK_5EwqwKnIMsMHNBP-LAtWHjgSEXbL9ezeEdnD5A_t9CzZ4-gBp7-cvyXYJ4bxCI5pvaDBC95xwf2hdBJwAabxHvj9qrHaU6IyGP3WpBlc2xSHX4ueTBHa-TEdZVo-qE-0ShwTcOHMsA52WarCaR8t4KkbP2bMVSp6bKg3XtQy4natoRauHe8grD6abb0kW_ZgXm-UzJaAy5AqfVl4uMqORvxROukJy8Feb2YsVr6SlulaPLRjo9udBtEjvMsiU79l4LlRwcm11mH_Wfx9RUAMxRk-FbWXlH4T3ZKZIgL0Z54mkZ-RgpLn8w0ZGzWpVLJNJzo4lBr4SxDzwnH3X4Gk_95Xhbn92Tv8I4sG-NC07okAHUL0uR5ksZZnpKpqQt_l8MAkFjY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">taop@dgipl.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzODQ5OSMzOTM2NTc0IzUwMDAzMDQ5MQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/f5e7b2b6-e545-4a3f-945d-c39bf266de8c\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SHENZHEN, Jan. 20, 2021 (GLOBE NEWSWIRE) &#8212; Taoping Inc. (NASDAQ: TAOP, the \u201cCompany\u201d), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced that it has entered into a securities purchase agreement (the \u201cPurchase Agreement\u201d) with certain investors (the \u201cInvestors\u201d) on January 19, 2021. Pursuant to the Purchase Agreement, the Company agreed to sell to the Investors an aggregate of 740,740 ordinary shares, no par value (the \u201cOrdinary Shares\u201d) at a purchase price of $2.7 per share, in a registered direct offering. The gross proceeds to the Company from the financing are approximately $2.0 million before deducting estimated offering expenses. For more details of the financing, please see the Company\u2019s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/taop-raises-2-0-million-to-accelerate-growth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TAOP Raises $2.0 Million To Accelerate Growth&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-417722","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TAOP Raises $2.0 Million To Accelerate Growth - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/taop-raises-2-0-million-to-accelerate-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TAOP Raises $2.0 Million To Accelerate Growth - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SHENZHEN, Jan. 20, 2021 (GLOBE NEWSWIRE) &#8212; Taoping Inc. (NASDAQ: TAOP, the \u201cCompany\u201d), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced that it has entered into a securities purchase agreement (the \u201cPurchase Agreement\u201d) with certain investors (the \u201cInvestors\u201d) on January 19, 2021. Pursuant to the Purchase Agreement, the Company agreed to sell to the Investors an aggregate of 740,740 ordinary shares, no par value (the \u201cOrdinary Shares\u201d) at a purchase price of $2.7 per share, in a registered direct offering. The gross proceeds to the Company from the financing are approximately $2.0 million before deducting estimated offering expenses. For more details of the financing, please see the Company\u2019s &hellip; Continue reading &quot;TAOP Raises $2.0 Million To Accelerate Growth&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/taop-raises-2-0-million-to-accelerate-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-20T13:33:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzODQ5OSMzOTM2NTc0IzUwMDAzMDQ5MQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/taop-raises-2-0-million-to-accelerate-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/taop-raises-2-0-million-to-accelerate-growth\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"TAOP Raises $2.0 Million To Accelerate Growth\",\"datePublished\":\"2021-01-20T13:33:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/taop-raises-2-0-million-to-accelerate-growth\\\/\"},\"wordCount\":569,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/taop-raises-2-0-million-to-accelerate-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEzODQ5OSMzOTM2NTc0IzUwMDAzMDQ5MQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/taop-raises-2-0-million-to-accelerate-growth\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/taop-raises-2-0-million-to-accelerate-growth\\\/\",\"name\":\"TAOP Raises $2.0 Million To Accelerate Growth - 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(NASDAQ: TAOP, the \u201cCompany\u201d), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced that it has entered into a securities purchase agreement (the \u201cPurchase Agreement\u201d) with certain investors (the \u201cInvestors\u201d) on January 19, 2021. Pursuant to the Purchase Agreement, the Company agreed to sell to the Investors an aggregate of 740,740 ordinary shares, no par value (the \u201cOrdinary Shares\u201d) at a purchase price of $2.7 per share, in a registered direct offering. The gross proceeds to the Company from the financing are approximately $2.0 million before deducting estimated offering expenses. For more details of the financing, please see the Company\u2019s &hellip; Continue reading \"TAOP Raises $2.0 Million To Accelerate Growth\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/taop-raises-2-0-million-to-accelerate-growth\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-20T13:33:18+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzODQ5OSMzOTM2NTc0IzUwMDAzMDQ5MQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/taop-raises-2-0-million-to-accelerate-growth\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/taop-raises-2-0-million-to-accelerate-growth\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"TAOP Raises $2.0 Million To Accelerate Growth","datePublished":"2021-01-20T13:33:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/taop-raises-2-0-million-to-accelerate-growth\/"},"wordCount":569,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/taop-raises-2-0-million-to-accelerate-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzODQ5OSMzOTM2NTc0IzUwMDAzMDQ5MQ==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/taop-raises-2-0-million-to-accelerate-growth\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/taop-raises-2-0-million-to-accelerate-growth\/","name":"TAOP Raises $2.0 Million To Accelerate Growth - 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