Guardforce AI Announces Closing of Underwritten Public Offering and Exercise of Full Over-Allotment Option

May 05, 2023

NEW YORK, May 05, 2023 (GLOBE NEWSWIRE) -- Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ: GFAI, GFAIW), an integrated security provider specializing in secured logistics, AI and Robot-as-a-Service (RaaS), today 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.

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