May 08, 2023
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 5, 2023, the Company announced the closing of its underwritten public offering of 1,720,430 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 258,064 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 $9.2 million, prior to deducting underwriting discounts and other offering expenses.
EF Hutton, division of Benchmark Investments, LLC, acted as the lead book-running manager for the Offering. Spartan Capital Securities, LLC acted as the co-manager for the Offering. Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the underwriters.
HTFL is a boutique law firm specializing in securities transactions, corporate, commercial, and cross-border financing, immigration, and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.