HTFL’s Client EF Hutton, division of Benchmark Investments, LLC Successfully Closed Guardforce AI Co., Ltd’s Registered Direct Offering of $10.0 Million
April 13, 2022
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.
Under the terms of the securities purchase agreement with certain institutional investors, the Company sold approximately 8.7 million shares of its ordinary shares at a price of $1.15 per share.
EF Hutton, division of Benchmark Investments, LLC acted as exclusive placement agent for the offering. Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the placement agent. 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.