Guardforce ai announces closing of underwritten public offering and exercise of full over-allotment option

New york, may 15, 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 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.
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