Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ: GFAI, GFAIW), is an integrated security provider specializing in secured logistics, AI and Robot-as-a-Service (RaaS).

On May 15, 2023, the Company announced the closing of its underwritten public offering of 2,580,600 ordinary shares, par value $0.12 per share (the "Ordinary Shares") at a public offering price of $4.65 per share (the “Offering”). The underwriters exercised their over-allotment option in full for an additional 387,090 ordinary shares at the time of the closing of the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, are approximately $13.8 million, prior to deducting underwriting discounts and other offering expenses.

U Power Limited (the “Company”) (NASDAQ: UCAR), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, closed its initial public offering (the “Offering”) of 2,416,667 ordinary shares at a public price of US$6.00 per ordinary share on April 21, 2023. The ordinary shares began trading on the Nasdaq Capital Market on April 20, 2023, under the symbol “UCAR.” The Company received aggregate gross proceeds of US$14.50 million from the Offering, before deducting underwriting discounts and other related expenses.