(TAOP) – Taoping Hires Great Bay Capital As Blockchain Consultant, Shares Spike

Taoping Inc. (NASDAQ: TAOP) engaged Great Bay Capital Investment Limited as a consultant for a two-year term effective February 19, 2021.
Great Bay will provide the company with investment opportunities regarding blockchain and digital assets like Bitcoin, Ethereum, introduce the company to potential investors, present potential blockchain industry M&A targets, assist in completing relevant due diligence work, and propose M&A plans.
Under the agreement, Taoping will issue a warrant to Great Bay to purchase one million shares at $3.50 per share.
“It’s time for TAOP to embrace the opportunities in the blockchain industry and digital assets, especially Bitcoin,” said Taoping CEO Jianghuai Lin.
Price action: TAOP shares are up 25.7% at $7.24 on the last check Friday.