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.
To view the full press release, visit https://ibn.fm/aRzel
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.
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork.