India, Feb. 25 -- Taoping Inc. (NASDAQ: TAOP, the "Company"), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced that six powerful strategic investment institutions and independent investors, including Great Bay Capital Investment Limited, have took a stake in the Company, which will help the Company to realize its strategic transformation through developing its blockchain business and related financing projects, and to bring more development opportunities for the Company.
TAOP aims to raise approximately $7.75 million through the issuance of 1,900,000 ordinary shares at a purchase price of $4.08 (average closing price for the 20-trading days en...