淘屏美股招股说明书(2023-08-03版)

424B51form424b5.htm FiledPursuanttoRule424(b)(5)RegistrationNo.333-262181 PROSPECTUSSUPPLEMENT (ToProspectusdatedJuly1,2022andProspectusSupplementdatedJuly17,2023) TAOPINGINC. 80,000OrdinaryShares Pursuanttothisprospectussupplement,theaccompanyingprospectussupplementandtheaccompanyingbaseprospectus,weareoffering80,000ordinarysharestoSHANJINGCAPITALGROUPCO.,LTD(the“Investor”)atapriceofapproximately$4.626pershare,pursuanttoourpreviouslyannouncedStandbyEquityPurchaseAgreementwiththeInvestordatedJuly17,2023(the“SEPA”).Thetotalpurchasepriceandproceedswewillreceivefromthesaleofthesharesis$370,080.ThesesharesarebeingissuedaspartofthecommitmentbyInvestortopurchasefromtimetotime,atouroption,upto$1,000,000ofourordinarysharespursuanttotheSEPA,asdescribedinProspectusSupplementdatedJuly17,2023.WeexpecttoissuethesharestoInvestoronoraboutAugust3,2023. InadditiontoourissuanceofthesharestotheInvestorpursuanttotheSEPA,thisprospectussupplement,theaccompanyingprospectussupplementandtheaccompanyingprospectusalsocoverthesaleofthesesharesbytheInvestortothepublic.ThoughwehavebeenadvisedbytheInvestor,andtheInvestorrepresentsintheSEPA,thattheInvestorispurchasingthesharesforitsownaccount,forinvestmentpurposesinwhichittakesinvestmentrisk(including,withoutlimitation,theriskofloss),andwithoutanyvieworintentiontodistributesuchsharesinviolationoftheSecuritiesActof1933,asamended(the“SecuritiesAct”)oranyotherapplicablesecuritieslaws,theSecuritiesandExchangeCommission(the“SEC”)maytakethepositionthattheInvestormaybedeemedan“underwriter”withinthemeaningofSection2(a)(11)oftheSecuritiesActandanyprofitsonthesalesofsharesofourordinarysharesbytheInvestorandanydiscounts,commissionsorconcessionsreceivedbytheInvestoraredeemedtobeunderwritingdiscountsandcommissionsundertheSecuritiesAct.ForadditionalinformationonthemethodsofsalethatmaybeusedbytheInvestor,seethesectionentitled“PlanofDistribution”onpageS-6oftheaccompanyingprospectussupplement. OurordinarysharesarelistedontheNasdaqCapitalMarketunderthesymbol“TAOP.”EffectiveatthemarketopeningonAugust1,2023,theCompanyimplementedaone-for-tenreversestocksplitofitsissuedandoutstandingordinaryshareswhereeverytenordinarysharesoutstandingwereautomaticallycombinedandconvertedintooneissuedandoutstandingordinaryshare.Anyfractionalsharesresultingfromthereversestocksplitwereroundeduptothenearestwholeshare.ThereversestocksplitwasintendedtoincreasethepersharetradingpriceoftheCompany’sordinarysharestosatisfythe$1.00minimumbidpricerequirementforcontinuedlistingontheNASDAQStockMarket.Immediatelyfollowingthereversestocksplit,theCompanyhadapproximately1,864,554ordinarysharesoutstanding.OnAugust1,2023,theclosingpriceofourordinaryshareswas$4.90pershare.Theaggregatemarketvalueofouroutstandingordinarysharesheldbynon-affiliatesis$9,349,694,basedon1,864,554ordinarysharesoutstandingasofthedateofthisprospectussupplement,ofwhich1,236,732areheldbynon-affiliates,and$7.56,whichwasclosingpriceoftheordinarysharesonJune22,2023.PursuanttoGeneralInstructionI.B.5ofFormF-3,innoeventwilltheaggregatemarketvalueofsecuritiessoldbyusoronourbehalfpursuanttoGeneral InstructionI.B.5ofFormF-3duringthe12calendarmonthperiodimmediatelypriorto,andincluding,thedateofanysuchsaleexceedone-thirdoftheaggregatemarketvalueofourordinarysharesheldbynon-affiliates,calculatedinaccordancewithGeneralInstructionI.B.5ofFormF-3.Duringthe12calendarmonthperiodthatendsonandincludesthedatehereof,wehavenotsoldsecuritiespursuanttoGeneralInstructionI.B.5ofFormF-3. Investinginoursecuritiesinvolvesahighdegreeofrisk.Beforebuyinganysecurities,youshouldreviewcarefullytherisksanduncertaintiesdescribedundertheheading“RiskFactors”beginningonpageS-4oftheaccompanyingprospectussupplementandinthedocumentsincorporatedbyreferenceintothisprospectussupplement,theaccompanyingprospectussupplementandtheaccompanyingprospectus. NeithertheSecuritiesandExchangeCommissionnoranystatesecuritiescommissionhasapprovedordisapprovedofthesesecuritiesordeterminedifthisprospectusistruthfulorcomplete.Anyrepresentationtothecontraryisacriminaloffense. ThedateofthisprospectussupplementisAugust1,2023 TABLEOFCONTENTSPROSPECTUSSUPPLEMENT Page TheOfferingS-1 PROSPECTUSSUPPLEMENTDATEDJULY17,2023 Page AboutthisProspectusSupplementS-ii Forward-LookingInformationS-iii ProspectusSupplementSummaryS-1 RiskFactorsS-4 UseofProceedsS-5 PlanofDistributionS-6 LegalMattersS-7 ExpertsS-7 IncorporationofCertainInformationbyReferenceS-7 WhereYouCanFindMoreInformationS-8 PROSPECTUS Page AboutThisProspectus1 RiskFactors8 ProspectusSummary2 UseofProceeds19 Forward-LookingStatements19 DescriptionofShareCapital20 CapitalizationandIndebtedness19 DescriptionofDebtSecurities20 DescriptionofWarrants29 DescriptionofUnits30 DescriptionofRights29 PlanofDistribution31 Taxation31 LegalMatters33 ExpensesofIssuanceandDistribution32 Experts33 EnforcementofCivilLiabilities33 MaterialChanges34 Indemnification34 WhereYouCanFindMoreInformation34 IncorporationofCertainInformationByReference35 Youshouldrelyonlyontheinformationcontainedinthisprospectuss