Taoping says Nasdaq grants additional 180 calendar day period for compliance

Taoping (TAOP) announced that on December 19, it received notification from The Nasdaq Stock Market confirming the company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through June 16, 2025. To regain compliance with Nasdaq’s minimum bid price requirement set forth under Nasdaq Listing Rule 5810(c)(3)(A), the closing bid price of the company’s ordinary shares needs to be at least $1.00 per share or greater for at least ten consecutive business days by June 16, 2025.