Taoping Sets 1-for-30 Reverse Stock Split To Satisfy Minimum Bid Price Requirement
(RTTNews) - 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.
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