Yotta Acquisition Corporation (“YOTA”) announced the closing of its initial public offering of 10,000,000 units. The units were sold at a price of $10.00 per unit, resulting in total gross proceeds of $100,000,000, prior to deducting underwriting discounts and other offering expenses. Each unit consists of one share of common stock, one redeemable warrant to purchase one share of common stock at a price of $11.50 per share and one right to receive one-tenth (1/10) of one share of common stock upon the consummation of an initial business combination.
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Guardforce AI Co., Ltd. (“the Company”), an integrated security solutions provider, on April 8, 2022, announced the closing of its registered direct offering of ordinary shares for gross proceeds of approximately $10.0 million before deducting the placement agent’s fees and other estimated offering expenses.