Taoping Shares Jump After Finalizing Purchase of Skyladder Group

Taoping Inc. (NASDAQ:TAOP) shares surged 36.4% in premarket trading after finalizing the acquisition of Skyladder Group Limited, a Hong Kong-based company. The deal, completed on November 26, grants Taoping full ownership of Skyladder Group.

Taoping shares are trading higher after the company signed a supplemental agreement to acquire 100% of a target company for about $21.36 million.

Taoping Updates Share Unlock Terms in Acquisition of Target Company

Taoping Holdings Limited has updated the share unlock terms in its acquisition of Skyladder Holding Limited. The target company must achieve specific performance criteria by December 2025, including RMB 8.16 million in revenue and RMB 440,000 in net profit. If met, 1,576,584 shares will be unlocked after Taoping's 2026 annual report disclosure. This supersedes previous terms.

U.S. stock market intraday update: Taoping rises 10.27%, trading volume increases, and active capital flow attracts market attention

Taoping rose 10.27%; BigBear.ai rose 0.81%, with a transaction volume of USD 1.009 billion; IBM rose 0.60%, with a transaction volume of USD 596 million; Accenture rose 1.44%, with a transaction volume of USD 531 million; Infosys Technologies rose 3.09%, with a market value of USD 69.8 billion

08:30 ET Taoping Signs Letter of Intent to Acquire Alphalion Holding, Significantly Bolsters AI-Driven Digital Ecosystem

Taoping Inc. has signed a non-binding Letter of Intent to acquire 100% of Alphalion Holding's equity interests, pending due diligence and agreement on terms. This acquisition aims to enhance Taoping's AI-driven digital ecosystem and technological infrastructure. Alphalion Holding, a technology enterprise with over 60 patents, operates in robotics, AI servers, and composite materials. The deal is expected to strengthen Taoping's market position and operational synergies, with a completion deadline of October 31, 2026.