NEW YORK, Oct. 1, 2021 /PRNewswire/ -- Guardforce AI Co.,
Ltd. ("Guardforce" or the "Company") (Nasdaq: GFAI, GFAIW), an
integrated security solutions provider in Asia, today
announced the closing of its previously announced underwritten
public offering of 3,614,458 units ("Units"), with each unit
consisting of one ordinary share, par value $0.003 per share (the "Ordinary Share") and one
warrant (the "Warrant") to purchase one Ordinary Share at a public
offering price of $4.15 per Unit, for
aggregate gross proceeds of approximately $15 million, prior to deducting underwriting
discounts and other offering expenses.
EF Hutton, division of Benchmark Investments, LLC, acted as sole
book-running manager for the offering.
The Securities and Exchange Commission ("SEC") declared
effective a registration statement on Form F-1, as amended (File
No. 333-258054) (the "Registration Statement"), on September 28, 2021. A final prospectus relating
to the offering was filed with the SEC and is available on the
SEC's website at http://www.sec.gov. Electronic copies of the final
prospectus relating to this offering may be obtained from EF
Hutton, division of Benchmark Investments, LLC, 590 Madison Avenue,
39th Floor, New York, NY 10022,
Attention: Syndicate Department, or via email at
syndicate@efhuttongroup.com or telephone at (212) 404-7002.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Guardforce AI Co., Ltd.
Guardforce AI Co. Ltd. is a leading integrated security
solutions provider that is trusted to protect and transport the
high-value assets of public and private sector organizations.
Developing and introducing innovative technologies that enhance
safety and protection, Guardforce AI helps clients adopt new
technologies and operate safely as the Asia Pacific business landscape evolves.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of U.S. federal securities laws. We make such
forward-looking statements pursuant to the safe harbor provisions
of the U.S. Private Securities Litigation Reform Act, Section 21E
of the Securities Exchange Act of 1934, as amended, and other
federal securities laws. Forward-looking statements provide our
current expectations or forecasts of future events. Forward-looking
statements include statements about our expectations, beliefs,
plans, objectives, intentions, assumptions and other statements
that are not historical facts. Words or phrases such as
"anticipate," "believe," "continue," "estimate," "expect,"
"intend," "may," "ongoing," "plan," "potential," "predict,"
"project," "will" or similar words or phrases, or the negatives of
those words or phrases, may identify forward-looking statements,
but the absence of these words does not necessarily mean that a
statement is not forward-looking. The forward-looking statements
contained in this press release are based on reasonable assumptions
we have made in light of our industry experience, perceptions of
historical trends, current conditions, expected future developments
and other factors we believe are appropriate under the
circumstances. As you read and consider this press release you
should understand that these statements are not guarantees of
performance or results. They involve risks, uncertainties (many of
which are beyond our control) and assumptions, including the risks
described in the reports and other documents we file with the
Securities and Exchange Commission. Although we believe that these
forward-looking statements are based on reasonable assumptions, you
should be aware that many factors could affect our actual operating
and financial performance and cause our performance to differ
materially from the performance anticipated in the forward-looking
statements. Should one or more of these risks or uncertainties
materialize, or should any of these assumptions prove incorrect or
change, our actual operating and financial performance may vary in
material respects from the performance projected in these
forward-looking statements. Any forward-looking statement
made by us in this press release speaks only as of the date of this
press release. We undertake no obligation to update any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by
law.
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SOURCE Guardforce AI Co. Ltd.