Taoping Inc. Signs Letter of Intent to Acquire Alphalion Holding, Aiming to Expand AI and Robotics Ecosystem
Reuters
Oct 17
Taoping Inc. Signs Letter of Intent to Acquire Alphalion Holding, Aiming to Expand AI and Robotics Ecosystem
Taoping Inc. has signed a non-binding Letter of Intent with the shareholders of Alphalion Holding Limited to acquire 100% of its equity interests. Alphalion Holding is a technology enterprise group with over 60 core patents, operating in embodied robotics, AI servers, and composite new materials. The proposed acquisition is intended to expand Taoping's AI-driven digital ecosystem, strengthen its technology infrastructure, and accelerate the integration of artificial intelligence into industrial applications. The purchase price and payment method will be determined in a definitive agreement following due diligence. The transaction is subject to the completion of due diligence, further negotiation, and customary closing conditions, with the LOI set to expire if not completed by October 31, 2026.
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