Guardforce AI (NASDAQ: GFAI, GFAIW), an integrated security provider specializing in secured logistics, artificial intelligence (“AI”) and Robot-as-a-Service (“RaaS”), has closed on underwritten public offering. The offering consisted of 1,720,430 ordinary shares offered at $4.65 per share. The company also noted that the underwriters exercised the overallotment option in full and purchased an additional 258,064 ordinary shares, resulting in gross proceeds for the company of $9.2 million. EF Hutton, division of Benchmark Investments LLC, acted as the lead book-running manager for the offering with Spartan Capital Securities LLC acting as the offering comanager.

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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 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 about the company, please visit www.GuardforceAI.com.

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