Guardforce AI announced plans to raise $12 million through an underwritten public offering of shares.
The integrated security provider specializing in secured logistics, AI and Robot-as-a-Service (RaaS) will offer 2,580,600 ordinary shares, par value $0.12 per share and offered to the public at a price of $4.65 per share.
Guardforce has also granted the underwriters a 45-day option to purchase up to an additional 387,090 ordinary shares at the public offering price per share, less the underwriting discounts to cover over-allotments, if any.
The offering is expected to close on May 15, 2023.
With over 40 years of experience and a strong customer base, Guardforce AI is focused on developing RaaS solutions that enhance operational efficiency. The company is rapidly establishing its presence in the Asia Pacific region and has plans for global expansion.
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