Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
December 10 2021 - 04:01PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES
EXCHANGE ACT OF 1934
For
the month of, December 2021
Commission
File Number 001-40848
GUARDFORCE AI CO., LIMITED
(Translation
of registrant’s name into English)
10
Anson Road, #28-01 International Plaza
Singapore
079903
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):
☐
Indicate
by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):
☐
Acquisitions
As
disclosed in the Report on Form 6-K of Guardforce AI Co., Limited
(the “Company”) filed on November 24, 2021, the Company
entered into two transfer agreements on November 18, 2021 to
acquire 100% of the equity interests in each of Macau GF Robotics
Limited, a company incorporated in Macau (“Macau GF”) and GF
Robotics Malaysia Sdn. Bhd., a company incorporated in Malaysia
(“Malaysia GF”), respectively (the
“Acquisitions”).
On
December 6, 2021, the Company incorporated a wholly owned British
Virgin Islands subsidiary, GFAI Robotics Group Co., Limited (the
“GFAI Robotics”). The Company plans to hold all the equity
interests in Macau GF and Malaysia GF through GFAI Robotics upon
closing of the Acquisitions, which are expected to be by the end of
January 2022.
The
following diagram illustrates our current corporate
structure:
Issuance of Press Release
On
December 9, 2021, the Company issued a press release announcing its
proposed U.S. expansion plans with the acquisition of New
Jersey-based SBC Global Holdings Inc. (“SBC”). The purchase
price is expected to be one times SBC’s 2021 audited total assets,
which the parties expect to be approximately $2 million. The
purchase price will be paid in a combination of cash (10%) and
Company’s ordinary shares (90%). The proposed acquisition is
expected to be completed by January 31, 2022.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Date:
December 10, 2021 |
Guardforce
AI Co., Limited |
|
|
|
|
By: |
/s/
Lei Wang |
|
Lei
Wang |
|
Chief
Executive Officer |
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