AINewsBreaks – Guardforce AI Co. Limited (NASDAQ: GFAI) Closes on $9.2M Public Offering, Full Overallotment Option
Guardforce AI (NASDAQ: GFAI, GFAIW), an integrated security provider specializing in secured logistics, artificial intelligence (“AI”) and Robot-as-a-Service (“RaaS”), has closed on underwritten public offering. The offering consisted of 1,720,430 ordinary shares offered at $4.65 per share. The company also noted that the underwriters exercised the overallotment option in full and purchased an additional 258,064 ordinary shares, resulting in gross proceeds for the company of $9.2 million. EF Hutton, division of Benchmark Investments LLC, acted as the lead book-running manager for the offering with Spartan Capital Securities LLC acting as the offering comanager. To view the full press release, visit…