Guardforce AI Stock Price, News & Analysis

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) announced it will receive about $1.33 million in gross proceeds from accredited investors exercising 5,581,918 existing warrants. The exercise price was reduced from $1.15 to $0.238 per share, allowing investors to acquire approximately 2,790,959 ordinary shares with an additional share consideration of 1/2 share for each warrant exercised. The net proceeds, after expenses, are expected to be around $1.23 million. EF Hutton acted as the warrant inducement agent in this transaction.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has entered a collaboration agreement with the Hong Kong Industrial Artificial Intelligence and Robotics Centre Limited (FLAIR) to develop Robotics-as-a-Service (RaaS) solutions and AI cloud platforms. This partnership, commencing in August 2022 for an initial two-year term, aims to leverage FLAIR's technology for customized robotics services globally. Guardforce AI's CEO, Olivia Wang, noted the expansion of their RaaS platform to ten markets, emphasizing the potential for improved robotics solutions tailored to local market needs.

Guardforce AI Co., Limited (NASDAQ:GFAI,GFAIW) has acquired Beijing Wanjia Security System Co., Ltd. for approximately $8.4 million, with 90% paid in restricted shares. This acquisition enhances Guardforce AI’s security solutions in China, targeting retail businesses. The company aims to leverage this purchase to solidify its market position and expand its customer base. Guardforce AI also plans to finalize another acquisition of seven companies from Shenzhen Kewei Robot Technology Co., Limited by Q3 2022, diversifying its Robotics-as-a-Service (RaaS) offerings.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has opened new offices in Tokyo and San Francisco, enhancing its Robotics-as-a-Service (RaaS) offerings. The new locations will provide various robotic solutions, including the T-series robot for reception, food delivery, and disinfection. Chairman Terence Yap emphasized the importance of these markets, highlighting Japan's expected growth in robotic services and San Francisco's tech ecosystem as key advantages for attracting talent. The company aims to expand its global footprint to meet the increasing demand for automated services.

Guardforce AI Co., Limited (NASDAQ: GFAI, GFAIW) announced that Chairman Terence Yap will present at the Diamond Equity Research 2022 Emerging Growth Invitational Conference on June 23, 2022, at 10:20 AM ET. The presentation will be available via live webcast and replay shortly after. Guardforce AI specializes in integrated security solutions, focusing on robotic technology and secured logistics, with over 40 years of experience in the industry, ensuring the protection of high-value assets for various sectors.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has signed a letter of intent to acquire twelve additional robotics companies, building on its earlier agreement to acquire seven companies. These firms are established leaders in Robotics-as-a-Service (RaaS) across key Chinese markets. The total acquisition value is US $18 million, to be funded through 10% cash and 90% stock at $2.00 per share. Expected closure is in the second half of 2022.

Chairman Terence Yap emphasized the company's strategy to capitalize on increasing demand for contactless robotic services.

Guardforce AI (NASDAQ: GFAI, GFAIW) has extended its contract with the Government Savings Bank (GSB) in Thailand for ATM services, valued at approximately USD $19.5 million over three years, starting June 1, 2022. The subsidiary, Guardforce Cash Solutions Security, will service around 4,000 ATMs throughout Thailand. Additionally, Guardforce AI received a notification from NASDAQ indicating it does not meet the minimum bid price requirement, allowing until November 23, 2022 to regain compliance.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) announced two agreements to acquire eight companies in China for a total of $30 million. The first acquisition involves Beijing Wanjia Security System Limited for approximately $8.4 million, expected to close in June 2022. The second involves seven companies from Shenzhen Kewei Robot Technology Co. valued at $21.6 million, with a planned closure in Q3 2022. The payments consist of 10% cash and 90% restricted shares at $2.00 per share, aimed at expanding their Robotics-as-a-Service and integrated security capabilities.