HTFL’s Client EF Hutton, division of Benchmark Investments, LLC Successfully Closed Guardforce AI Co., Ltd’s Initial Public Offering
October 04, 2021
Guardforce AI Co., Ltd. (“the Company”), an integrated security solutions provider in Asia, announced the closing of its initial public offering of 3,614,458 units, with each unit consisting of one ordinary share, par value $0.003 per share and one warrant to purchase one ordinary share at a public offering price of $4.15 per unit, for aggregate gross proceeds of approximately $15 million, prior to deducting underwriting discounts and other offering expenses.
The Company’s ordinary shares and warrants began trading on September 29, 2021 on NASDAQ Capital Market under the symbol “GFAI” and “GFAIW”, respectively.
EF Hutton, division of Benchmark Investments, LLC acted as sole book runner and lead underwriter for the offering and Joseph Gunnar & Co LLC acted as co-underwriter. Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the underwriters. HTFL is a boutique law firm specializing in corporate, commercial and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.