Guardforce ai announces pricing of $12.0 million underwritten public offering of ordinary shares

New york, may 10, 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 pricing 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, for aggregate gross proceeds of approximately $12.0 million, prior to deducting underwriting discounts and other offering expenses. in addition, the company has granted the underwriters a 45-day option to purchase up to an additional 387,090 ordinary shares at the public offering price per share, less the underwriting discounts to cover over-allotments, if any. the offering is expected to close on may 15, 2023, subject to satisfaction of customary closing conditions.
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