Guardforce AI Taps H.C. Wainwright for At-the-Market Offering
Ticker: GFAIW · Form: 6-K · Filed: Jul 2, 2024 · CIK: 1804469
| Field | Detail |
|---|---|
| Company | Guardforce Ai Co., Ltd. (GFAIW) |
| Form Type | 6-K |
| Filed Date | Jul 2, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $10,862,168 |
| Sentiment | neutral |
Sentiment: neutral
Topics: at-the-market offering, equity issuance, capital raise
TL;DR
Guardforce AI is selling shares via H.C. Wainwright to raise cash.
AI Summary
On July 2, 2024, Guardforce AI Co., Limited entered into an At the Market Offering Agreement with H.C. Wainwright & Co., LLC. This agreement allows the company to sell its ordinary shares through the sales agent from time to time.
Why It Matters
This allows Guardforce AI to raise capital opportunistically by selling shares directly into the market, potentially funding growth or operations.
Risk Assessment
Risk Level: medium — At-the-market offerings can dilute existing shareholders and are often used by companies needing capital, which can signal financial pressure.
Key Players & Entities
- Guardforce AI Co., Limited (company) — Registrant
- H.C. Wainwright & Co., LLC (company) — Sales Agent
- July 2, 2024 (date) — Date of ATM Agreement
FAQ
What is the purpose of the At the Market Offering Agreement?
The agreement allows Guardforce AI Co., Limited to offer and sell its ordinary shares from time to time through H.C. Wainwright & Co., LLC.
Who is the sales agent for this offering?
H.C. Wainwright & Co., LLC is the designated Sales Agent for the At the Market Offering.
When was the At the Market Offering Agreement entered into?
The agreement was entered into on July 2, 2024.
What type of securities can be offered under this agreement?
The company may offer and sell its ordinary shares.
Does Guardforce AI file annual reports under Form 20-F or 40-F?
Guardforce AI Co., Limited files annual reports under cover of Form 20-F.
Filing Stats: 759 words · 3 min read · ~3 pages · Grade level 13 · Accepted 2024-07-02 16:00:03
Key Financial Figures
- $10,862,168 — or an aggregate offering price of up to $10,862,168 (the “Offered Shares”). An
Filing Documents
- ea0208864-6k_guard.htm (6-K) — 15KB
- ea020886401ex5-1_guard.htm (EX-5.1) — 26KB
- ea020886401ex10-1_guard.htm (EX-10.1) — 208KB
- ex5-1_001.jpg (GRAPHIC) — 4KB
- 0001213900-24-058573.txt ( ) — 256KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: July 2, 2024 Guardforce AI Co., Limited By: /s/ Lei Wang Lei Wang Chief Executive Officer 3