Investors should review the pro forma financials to understand the combined entity's financial position and performance. The actual impact of the acquisition will depend on the final purchase price allocation and the integration of the businesses. The market may react to the scale and financials of the combined entity, but the pro forma information is not indicative of future results.
Price Chart
Executive Summary
Taoping Inc. (TAOP) acquired Skyladder Group Limited and its subsidiaries, including Shenzhen Smart Skyladder IoT Co., Ltd. and Tianjin Weida Elevator Co., Ltd., effective November 26, 2025. This filing provides audited and unaudited financial statements for the acquired entities and unaudited pro forma combined financial statements reflecting the acquisition. The pro forma statements show the combined financial position as if the acquisition had occurred on June 30, 2025, and the results of operations as if it had occurred on January 1, 2025 and 2024.
Key Facts
- Taoping Inc. acquired Skyladder Group Limited and its subsidiaries on November 26, 2025.
- The acquisition included Shenzhen Smart Skyladder IoT Co., Ltd. and Tianjin Weida Elevator Co., Ltd.
- The filing includes audited financial statements for Shenzhen Smart Skyladder for 2024 and 2023, and unaudited interim statements for the six months ended June 30, 2025.
- The filing includes audited financial statements for Tianjin Weida for 2024 and 2023, and unaudited interim statements for the six months ended June 30, 2025.
- Unaudited pro forma combined financial statements are provided, assuming the acquisition occurred on June 30, 2025 (balance sheet) and January 1, 2025 and 2024 (statements of operations).
- The pro forma statements show combined total assets of $40.2 million and total liabilities and equity of $40.2 million as of June 30, 2025, and a combined net loss of $2.1 million for the year ended December 31, 2024.
Financial Impact
The unaudited pro forma combined financial statements show total assets of $40.2 million and total liabilities and equity of $40.2 million as of June 30, 2025. For the year ended December 31, 2024, the combined net loss was $2.1 million. For the six months ended June 30, 2025, the combined net loss was $4.7 million.
Risk Factors
- The pro forma financial information is unaudited and based on preliminary estimates.
- The actual results of the combined company may differ from the pro forma information.
- The integration of the acquired businesses may be challenging and may not achieve the expected synergies.
- The financial performance of the acquired entities has been mixed, with net losses reported.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 10 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-015542 |
| Exhibit: ex99-2.htm | 0001493152-26-015542 |
| Exhibit: ex99-5.htm | 0001493152-26-015542 |
| Exhibit: ex99-3.htm | 0001493152-26-015542 |
| Exhibit: ex99-4.htm | 0001493152-26-015542 |
| Exhibit: ex15-1.htm | 0001493152-26-015542 |
| Document: form6-k.htm | 0001493152-26-015542 |
| Document: 0001493152-26-015542-index-headers.html | 0001493152-26-015542 |
| Document: 0001493152-26-015542-index.html | 0001493152-26-015542 |
| Document: 0001493152-26-015542.txt | 0001493152-26-015542 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | 6-K | $0.3304 | awaiting T+60 | — | $0.3400 (−2.91%) |
Jul 15, 2026 14w ago | 424B5 | $1.27 $0.4200 | ▲ +66.93% | ▲ +70.64% | $0.3400 (+73.23%) |
Jun 4, 2026 20w ago | EFFECT | $1.27 $0.7695 | ▲ +39.41% | ▲ +41.29% | $0.3400 (+73.23%) |
Apr 30, 2026 25w ago | 6-K | $1.20 $0.8299 | ▲ +30.84% | ▲ +33.95% | $0.3400 (+71.67%) |
Apr 7, 2026 28w ago | 6-K | $1.25 $1.39 | ▲ +11.20% | ▲ +0.74% | $0.3400 (−72.80%) |
US Market Status
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