Guardforce AI Tumbled Over 58% in Premarket Trading

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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.

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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
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