Taoping Signs Letter Of Intent To Acquire Alphalion Holding; Financial Terms Not Disclosed

Author: Benzinga Newsdesk | October 17, 2025 07:32am

SHENZHEN, China, Oct. 17, 2025 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a provider of innovative smart cloud platform services and solutions, today announced that it has entered into a non-binding Letter of Intent ("LOI") with the shareholders of Alphalion Holding Limited ("Alphalion Holding") to acquire 100% of its equity interests. The proposed acquisition remains subject to the completion of due diligence, negotiation and execution of a definitive agreement, and satisfaction of customary closing conditions. There can be no assurance that the parties will enter into a definitive agreement or that any transaction will be consummated. Under the LOI, the parties have agreed to determine the purchase price and payment method in the definitive agreement to be negotiated following the completion of the relevant due diligence. The LOI will automatically terminate if the transaction is not completed by October 31, 2026.

The proposed acquisition represents another significant milestone in Taoping's ongoing strategic expansion of its powerful AI-driven digital ecosystem. It is expected to further strengthen Taoping's robust technological infrastructure, broaden its proprietary hardware capabilities, and accelerate the integration of artificial intelligence into popular real-world industrial applications.

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