Guardforce AI (NASDAQ: GFAI, GFAIW), an integrated security solutions provider, has announced its entry into a securities purchase agreement with certain institutional investors to purchase approximately $10.0 million worth of its ordinary shares in a registered direct offering. Under the terms, the company has agreed to sell approximately 8.7 million of its ordinary shares, each at a price of $1.15. The company expects to secure approximately $10.0 million in gross proceeds from the registered direct offering, which is anticipated to close on or about April 8, 2022. EF Hutton, division of Benchmark Investments LLC, is acting as exclusive placement agent for the offering.
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About Guardforce AI Co. Limited
Guardforce AI is a global integrated security solutions provider that is focused on developing robotic solutions and information security services that complement its well-established secured logistics business. With more than 40 years of professional experience, Guardforce AI is a trusted brand name that protects and transports the high-value assets belonging to public and private sector organizations. Guardforce AI develops and provides innovative technologies and services that enhance safety and protection. For more information, visit www.GuardforceAI.com.
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