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Guardforce AI Tumbled Over 58% in Premarket Trading

Tiger Newspress2023-05-03

GUARDFORCE AI CO., LIMITED tumbled over 58% in premarket trading.

It today announced the pricing of its underwritten public offering of 1,720,430 ordinary shares, par value $0.12 per share (the "Ordinary Shares") at a public offering price of $4.65 per share, for aggregate gross proceeds of approximately $8.0 million, prior to deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 258,064 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 5, 2023, subject to satisfaction of customary closing conditions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment3

  • yobobs
    ·2023-05-03
    why oh why
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  • scottieboy
    ·2023-05-03
    What a dumb bearish move by the company. A bunch of jokers leading it
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  • Looyusooi
    ·2023-05-03
    Ok
    Reply
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