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 https://ibn.fm/zJqdL

About Guardforce AI Co. Ltd.

Guardforce AI is a global security solutions provider, building on its legacy secured logistic business, while expanding and transforming into an integrated AI and Robot-as-a-Service business. With more than 40 years of professional experience and a strong customer foundation, Guardforce AI is developing RaaS solutions that improve operational efficiency, quickly establishing its presence in the Asia Pacific region, while expanding globally. For more information about the company, please visit www.GuardforceAI.com.

About AINewsWire

AINewsWire is a leading communication platform focused on the latest advancements in AI, including the technologies, trends and trailblazers driving innovation forward. One of 60+ brands within the InvestorBrandNetwork (“IBN”), AINewsWire provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. Artificial intelligence (AI) is driving a new wave of innovation across various industries, and AINewsWire is committed to providing comprehensive coverage of the latest advancements, emerging trends, and key players in the field. AINewsWire offers unparalleled insights into the cutting-edge technologies that are transforming industries worldwide, from machine learning to natural language processing, robotics and autonomous systems. As the AI industry continues to evolve and shape the future of technology, AINewsWire strives to keep readers informed and up to date on the latest developments. By cutting through the overload of information in today’s market, AINewsWire brings its clients unparalleled visibility, recognition and brand awareness. AINewsWire is where news, content and information converge.

To receive SMS text alerts from AINewsWire, text “AI” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.AINewsWire.com

Please see full terms of use and disclaimers on the AINewsWire website applicable to all content provided by AINewsWire, wherever published or re-published: https://AINewsWire.com/Disclaimer

AINewsWire
Los Angeles, CA
www.AINewsWire.com
212.299.1717 Office
Editor@AINewsWire.com

AINewsWire is part of IBN.