Welcome to our dedicated page for Guardforce AI Co. Ordinary Shares news (Ticker: GFAI), a resource for investors and traders seeking the latest updates and insights on Guardforce AI Co. Ordinary Shares stock.
Guardforce AI Co., Limited (GFAI) is a leading provider of advanced robotic AI solutions, dedicated to meeting the unique business demands of its global clientele. Headquartered in Hong Kong, the company has a robust partnership with the Chinese University of Hong Kong and operates a state-of-the-art research center to develop intelligent robots. Additionally, Guardforce AI has established a manufacturing facility in Shenzhen, China, enabling the company to produce high-quality robotic solutions.
The company's portfolio includes a wide range of AI-driven robots, such as thermal imaging concierge robots, disinfection robots, delivery robots, indoor patrol robots, outdoor patrol robots, and mobile sentry robots. These advanced technologies have been successfully deployed across various industries, including hospitals, hotels, campuses, and commercial and residential buildings.
Guardforce AI also specializes in cash solutions and cash handling services through its operations in Thailand. The company’s cash logistics services encompass cash-in-transit (CIT) via dedicated vehicles, ATM management, cash center operations, cash processing, coin processing, cheque center functions, and cash deposit machine solutions (including cash deposit management and express cash service). Its clientele spans local commercial banks, chain retailers, coin-manufacturing mints, and government authorities.
Recently, Guardforce AI announced an agreement to convert $15.91 million of debt and accrued interest into ordinary shares at $5.40 per share, a move expected to significantly enhance the company’s balance sheet. This strategic decision underscores the company's commitment to financial stability and growth.
For more information, visit the company's official website at http://www.ciotrobots.com/en/.
Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has signed a non-binding Letter of Intent to acquire eight subsidiaries from the Kewei Group in major Chinese cities. This deal, valued at approximately $30 million, will be financed with 10% cash and 90% in restricted shares. The firm will pay $3 million upfront as a deposit. The acquisition aims to enhance Guardforce's positioning in China's robotics and AI sectors. The completion is contingent on due diligence and agreement finalization expected by the end of May 2022.
Guardforce AI (NASDAQ:GFAI, GFAIW) announced it will release its full year 2021 financial results on March 30, 2022. Following the results, a conference call is scheduled for March 31, 2022, at 8:30 a.m. ET. The call will be accessible via dial-in and webcast. The company specializes in integrated security solutions and is focused on developing robotic and information security technologies.
Guardforce AI (Nasdaq: GFAI, GFAIW) received a notification letter from NASDAQ on March 9, 2022, indicating non-compliance with the minimum bid price requirement mandated by NASDAQ Listing Rule 5550(a)(2). The company failed to maintain a closing bid price of at least US$1.00 for 30 consecutive business days, specifically between January 25 and March 8, 2022. Guardforce AI has until September 6, 2022, to regain compliance by achieving a closing bid price of US$1.00 for at least 10 consecutive trading days. The company's shares will continue to trade uninterrupted on NASDAQ.
Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has signed a definitive agreement to acquire Shenzhen Keweien and Guangzhou Kewei for US$10 million, with 90% in restricted shares and 10% in cash. This acquisition, expected to close by end of April 2022, aims to bolster Guardforce AI's Robotics as a Service (RaaS) initiative in the rapidly growing Greater Bay Area of China. The company maintains its 2022 revenue forecast of US$55-60 million, signifying a 66% growth from 2021.
Guardforce AI has announced a strategic partnership with SBC Global Holdings to enhance its entry into the U.S. market. The agreement replaces a previously proposed acquisition and allows Guardforce AI to establish a wholly owned U.S. subsidiary. This partnership will facilitate the referral of clients exclusively to Guardforce AI, aiming for expedited market penetration of its robotic solutions. CEO Lei Wang emphasized the importance of the U.S. market, while SBC's CEO highlighted the operational efficiencies provided by autonomous robotics. Gartner projects U.S. IoT Robots revenues to reach $6.5 billion by 2028.
Guardforce AI reported the deployment of over 1,400 robots across the Asia Pacific region, including countries like Thailand, Singapore, Hong Kong, Macau, and Malaysia. This initiative began in Q4 2020 due to the COVID-19 pandemic, focusing on various sectors. The company plans to expand its robotic solutions, enhancing operational efficiency and reducing labor costs. Initial trials are transitioning to paid services, contributing to future revenue growth. CEO Terence Yap emphasized the importance of automation in meeting market demands.
Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has successfully completed a private placement of ordinary shares and warrants, raising approximately $10.3 million before expenses. The transaction involved the sale of 7,919,997 ordinary shares and warrants for 11,879,993 ordinary shares, with the warrants exercisable immediately at an exercise price of $1.30. The funds will be utilized for acquisitions, technology investments, and general working capital. The offering is exclusively for accredited investors, and adjustments to existing public warrants have been made due to this placement.
Guardforce AI Co. (NASDAQ: GFAI, GFAIW) will hold a virtual roadshow on January 25, 2022 at 11:00 a.m. ET. The presentation, led by Chairman Terence Yap, will cover the company's operational progress, growth initiatives, and strategic vision. A question-and-answer session will follow. Investors can access the webcast via a provided link or dial-in using specified numbers. For inquiries, questions should be sent to GFAI@mzgroup.us.
For more details, visit www.guardforce.ai.
Guardforce AI Co. (NASDAQ:GFAI) announced a securities purchase agreement to raise approximately $10.3 million through a private placement of 7,919,997 ordinary shares and warrants. The purchase price is set at $1.30 per share, and warrants will be exercisable immediately with a five-year expiration. Proceeds will be used for acquisitions, technology investments, and general working capital. The offering is expected to close on January 20, 2022, pending customary conditions.
Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has announced plans to expand its Robotics as a Service (RaaS) offering through the acquisition of Shenzhen Keweien Robot Service Co., Ltd and Guangzhou Kewei Robot Technology Co., Ltd. The acquisition is expected to be completed by the end of February 2022 and is valued at approximately US$10 million, with 90% paid in restricted shares. This strategic move aims to strengthen Guardforce AI's presence in China's rapidly evolving robotics market.
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