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$TAOP Enters into Blockchain Deployment Consulting Agreement

NASDAQ:TAOP   Taoping Inc
TAOP Enters into Consulting Agreement with Great Bay Capital Investment for Blockchain Deployment

$TAOP announced today that the Company has entered into a consulting agreement (the "Consulting Agreement") with Great Bay Capital Investment Limited ("Great Bay").

Pursuant to the Consulting Agreement, TAOP engaged Great Bay as a consultant for a two-year term effective February 19, 2021. Great Bay will provide various consulting services including the following:

Provide the Company with business development services focused on blockchain and digital assets (such as Bitcoin , Ethereum , etc.) investment opportunities.

Introduce TAOP to potential investors for strategic investment.

Introduce potential M&A targets in blockchain industry, and assist TAOP in completing relevant due diligence work and propose M&A plans.

growing market demand for digital assets such as Bitcoin , maturity of advanced solutions, and improving regulatory clarity present considerable market opportunities. It’s time for TAOP to embrace the opportunities in blockchain industry and digital assets, especially Bitcoin .

In consideration for the services to be provided by Great Bay, the Company agreed to issue to Great Bay a warrant (the “Warrant”) within 7 days after the execution of the Consulting Agreement for the purchase of 1,000,000 ordinary shares of the Company, exercisable at $3.50 per share (subject to adjustment) at any time prior to the 181st calendar day after the date of issuance. The Warrant can only be exercised for cash.



https://finance.yahoo.com/news/taop-ente...

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