Guardforce AI Enters into Warrant Exercise Transaction for $1.33 Million in Gross Proceeds
2022年7月13日 - 10:25AM
Guardforce AI Co., Limited (“Guardforce AI” or the
“Company”) (NASDAQ:GFAI, GFAIW), an integrated security
solutions provider, announced today that it has entered into
agreements with several accredited investors that are existing
holders of its private warrants, wherein the investors agreed to
exercise 5,581,918 outstanding warrants (the “Existing Warrants”)
to purchase an aggregate of 5,581,918 ordinary shares for cash, at
an exercise price reduced by the Company from $1.15 per share to
$0.238 per share. In consideration for the immediate exercise of
the Existing Warrants for cash, the Company will issue one-half
(1/2) of an ordinary share (the “Share Consideration”) for each
warrant exercise. As a result, the exercising holders will receive
approximately 2,790,959 ordinary shares. These Existing Warrants
were previously issued in a private placement, which closed in
January 2022.
The gross proceeds of the exercise of the
Existing Warrants to the Company are expected to be approximately
$1.33 million and the net proceeds of the exercise of the Existing
Warrants to the Company, after deducting estimated expenses and
fees, are expected to be approximately $1.23 million.
EF Hutton, division of Benchmark Investments,
LLC, acted as warrant inducement agent and financial advisor in
connection with the transaction.
The issuance of the ordinary shares upon
exercise of the Existing Warrants was conducted pursuant to the
Company’s registration statements on Form F-3, previously filed
with and subsequently declared effective by the Securities and
Exchange Commission (“SEC”) on February 9, 2022. The ordinary
shares issued pursuant to the Share Consideration were offered in a
private placement pursuant to an applicable exemption from the
registration requirements of the Securities Act and have not been
registered under the Securities Act and may not be offered or sold
in the United States absent registration with the SEC or an
applicable exemption from such registration requirements.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy these securities, nor
shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Guardforce AI Co.,
Ltd.
Guardforce AI Co., Ltd. (NASDAQ:GFAI, GFAIW) is
a global integrated security solutions provider that is focused on
developing robotic solutions and information security services that
complement its well-established secured logistics business. With
more than 40 years of professional experience, Guardforce AI is a
trusted brand name that protects and transports high-value assets
belonging to public and private sector organizations. Guardforce AI
develops and provides innovative technologies and services that
enhance safety and protection. For more information, visit
www.guardforceai.com.
Safe Harbor Statement
This press release contains statements that do
not relate to historical facts but are "forward-looking statements"
within the meaning of the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These statements
can generally (although not always) be identified by their use of
terms and phrases such as anticipate, appear, believe, continue,
could, estimate, expect, indicate, intend, may, plan, possible,
predict, project, pursue, will, would and other similar terms and
phrases, as well as the use of the future tense. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only on current beliefs,
expectations and assumptions regarding the future of the business
of the Company, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control, including the risks described in
our registration statements and reports under the heading "Risk
Factors" as filed with the Securities and Exchange Commission.
Actual results and financial condition may differ materially from
those indicated in the forward-looking statements. Therefore, you
should not rely on any of these forward-looking statements.
Forward-looking statements in this press release speak only as of
the date hereof. Unless otherwise required by law, we undertake no
obligation to publicly update or revise these forward-looking
statements, whether because of new information, future events or
otherwise.
Investor Relations: David Waldman or Natalya
RudmanCrescendo Communications, LLCEmail: gfai@crescendo-ir.comTel:
212-671-1020
Guardforce AI Corporate CommunicationsHu
YuEmail: yu.hu@guardforceai.com
Guardforce AI (NASDAQ:GFAIW)
過去 株価チャート
から 11 2024 まで 12 2024
Guardforce AI (NASDAQ:GFAIW)
過去 株価チャート
から 12 2023 まで 12 2024