Taoping Inc. (NASDAQ:TAOP) surged 36.4% in premarket trading on Tuesday after the company confirmed it has officially completed its acquisition of Skyladder Group Limited.

The deal closed on November 26, giving Taoping full ownership of the Hong Kong–based Skyladder Group. Taoping purchased 100% of the equity from Skyladder Holding Limited in a transaction valued at roughly RMB 152 million (US$21.36 million). The purchase was fully funded through the issuance of 7,882,921 newly created Taoping ordinary shares.

According to the company’s filing with the U.S. Securities and Exchange Commission, the new shares will initially carry transfer restrictions. These limitations will be removed gradually, contingent on Skyladder’s ability to meet specified revenue and profitability metrics.

Taoping also disclosed that it signed a Supplemental Agreement on November 25, revising terms of the original Share Purchase Agreement first executed in September. Under the amendment, if Skyladder Group delivers audited operating revenue of RMB 8.16 million and net profit after tax of RMB 440,000 during the period from December 1 to December 31, 2025, a block of 1,576,584 restricted shares will be released.

The acquisition was first unveiled on September 30, 2025, when Taoping announced the purchase agreement through its wholly owned subsidiary, Taoping Holdings Limited.

Taoping stock price

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