Guardforce AI (NASDAQ: GFAI, GFAIW), an integrated security provider specializing in secured logistics, AI and Robot-as-a-Service (“RaaS”), has announced the closing of its underwritten public offering of 2,580,600 ordinary shares, par value of $0.12 per share, each at a public offering price of $4.65. The underwriters exercised the over-allotment option in full for an additional 387,090 ordinary shares at the time of the closing. As a result, Guardforce AI secured aggregate gross proceeds of approximately $13.8 million prior to deducting underwriting discounts and other offering expenses. EF Hutton, division of Benchmark Investments LLC, acted as the lead book-running manager and Spartan Capital Securities LLC acted as the co-manager for the offering.

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About Guardforce AI Co. Ltd.

Guardforce AI is a global security solutions provider, building on its legacy secured logistic business while expanding and transforming into an integrated AI and Robot-as-a-Service (“RaaS”) business. With more than 40 years of professional experience and a strong customer foundation, Guardforce AI is developing RaaS solutions that improve operational efficiency, quickly establishing its presence in the Asia Pacific region, while expanding globally. For more information, visit www.GuardforceAI.com.

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