TL;DR:
- Guardforce AI Co., Ltd. is a global security solutions provider.
- The company is expanding into an integrated AI and Robot-as-a-Service (RaaS) business.
- With over 40 years of experience, Guardforce AI is developing RaaS solutions to improve operational efficiency.
- The company is rapidly establishing its presence in the Asia Pacific region and expanding globally.
- Guardforce AI has announced an underwritten public offering.
- EF Hutton, a division of Benchmark Investments, LLC, is the lead book-running manager for the offering.
- Spartan Capital Securities, LLC, is the co-manager for the offering.
- The offering includes ordinary shares and pre-funded warrants.
- The company filed a “shelf” registration statement with the SEC, which was declared effective in January 2022.
- A prospectus supplement will be filed with the SEC to provide details of the public offering.
- Guardforce AI’s expansion into AI and RaaS demonstrates its commitment to innovation and growth in the security solutions market.
Main AI News:
Guardforce AI Co., Ltd., a renowned global security solutions provider, is making significant strides in its business transformation. Originally established as a secured logistic business, the company is now expanding its horizons by embracing the power of integrated AI and Robot-as-a-Service (RaaS) solutions.
With a rich history spanning over four decades and a strong customer base, Guardforce AI leverages its expertise to develop RaaS solutions that enhance operational efficiency. This strategic move has enabled the company to establish a robust presence in the dynamic Asia Pacific region while simultaneously expanding its global footprint.
Exciting news has recently emerged from Guardforce AI, as the company has announced the commencement of an underwritten public offering. To oversee this milestone, EF Hutton, a division of Benchmark Investments, LLC, has been appointed as the lead book-running manager for the offering. Additionally, Spartan Capital Securities, LLC has taken on the role of co-manager for this significant endeavor.
The offering comprises ordinary shares and pre-funded warrants, both of which are being made available by the company in accordance with a “shelf” registration statement on Form F-3 (File No. 333-261881). This registration statement was meticulously filed with the U.S. Securities and Exchange Commission (SEC) and subsequently declared effective by the SEC on January 5, 2022. Furthermore, the comprehensive prospectus accompanying the registration statement provides detailed insights into the company’s vision and growth prospects.
It is important to note that this offering will be facilitated solely through a prospectus supplement and its accompanying prospectus. To provide interested parties with a comprehensive understanding of the terms and conditions surrounding the public offering, a prospectus supplement will be submitted to the SEC. This document will serve as a valuable addition to the already effective registration statement, ensuring transparency and clarity for potential investors.
Guardforce AI’s commitment to innovation and its dedication to offering cutting-edge security solutions has positioned the company as a force to be reckoned with in the industry. By venturing into the realm of integrated AI and RaaS, Guardforce AI is driving operational excellence while simultaneously expanding its global reach. With the underwritten public offering now underway, the company is poised to attract further investment and solidify its position as a key player in the security solutions market.
Conlcusion:
Guardforce AI Co., Ltd.’s strategic expansion into the integrated AI and Robot-as-a-Service (RaaS) business marks a significant development in the security solutions market. By leveraging their extensive experience and customer base, Guardforce AI is poised to revolutionize operational efficiency through cutting-edge RaaS solutions. With its strong presence in the Asia Pacific region and expanding global footprint, the company is well-positioned to capture a substantial share of the market.
The underwritten public offering further strengthens Guardforce AI’s financial standing and demonstrates its commitment to innovation and growth. As a result, Guardforce AI’s entry into the AI and RaaS segment will not only drive competition but also provide businesses and customers with advanced security solutions and propel the industry forward into a new era of technological advancements.
