Taoping Receives Nasdaq Minimum Bid Price Requirement Extension
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Taoping Inc. has received a 180-day extension from Nasdaq to meet the minimum bid price requirement. The company must achieve a closing bid price of at least $1.00 per share for ten consecutive business days by June 16, 2025.
December 20, 2024 | 12:15 pm
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Taoping Inc. has been granted an additional 180 days by Nasdaq to comply with the minimum bid price requirement, needing to maintain a $1.00 per share price for ten consecutive days by June 16, 2025.
The extension provides Taoping with more time to meet Nasdaq's listing requirements, which is crucial for maintaining its listing status. However, the immediate impact on stock price is neutral as it depends on the company's ability to improve its share price.
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