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Guardforce AI Announces Year End 2021 Financial Results
NEW YORK, NY / ACCESSWIRE / March 30, 2022 / Guardforce AI Co., Limited ("Guardforce AI" or the "Company") (NASDAQ:GFAI) (NASDAQ:GFAIW), an integrated
About this update from Guardforce Ai Co., Limited
[{"type":"text","content":"NEW YORK, NY / ACCESSWIRE / March 30, 2022 / Guardforce AI Co., Limited (\"Guardforce AI\" or the \"Company\") (NASDAQ:GFAI) (NASDAQ:GFAIW), an integrated security solutions provider, today announced its financial results for the year ended December 31, 2021.A video interview accompanying this release can be streamed here.Recent Company HighlightsClosed its initial public offering of 3,614,458 units of the Company, at a public offering price of $4.15 per unit, with each unit consisting of one ordinary share of the Company, par value $0.003 per share and one warrant to purchase one ordinary share, for aggregate gross proceeds of approximately $15.0 million, before underwriting discounts and other offering expenses.Relocated principal executive offices from Thailand to Singapore.Entered into transfer agreements to acquire 100% of the equity interests in the following companies, to begin operations in the markets where these companies are located:Macau GF Robotics Limited, a company incorporated in MacauRobotics Malaysia Sdn. Bhd., a company incorporated in MalaysiaGuardforce AI Singapore Pte. Ltd., a company incorporated in SingaporeA subsidiary Guardforce Cash Solutions Security (Thailand) Co., Ltd., or GF Cash (CIT), was selected as the authorized operator of a Consolidated Cash Center (CCC) for Hadyai CCC for a period of five years starting January 17, 2022.Completed a private placement with several investors, wherein a total of 7,919,997 ordinary shares were issued at a purchase price of $1.30 per share, with each investor also receiving a warrant to purchase up to a number of ordinary shares equal to 150% of the number of ordinary shares purchased by such investor in the private placement, at an exercise price of $1.30 per share, for a total purchase price of approximately $10.3 million, before deducting the placement agent's fees and other estimated offering expenses.Hit major Company milestone with the deployment of more than 1,400 robots in the Asia Pacific region.Announced U.S. expansion with the establishment of a wholly-owned U.S. subsidiary and announced a strategic partnership with a U.S. based Technology-as-a-Service (TaaS) business.Closed deal for the expansion of its Robotics-as-a-Service (RaaS) offering to China's Greater Bay Area with the acquisition of Shenzhen GFAI Robot Technology Co., Limited (former name: Sh...