Guardforce AI Reports on ATM Offering Agreement
Ticker: GFAIW · Form: 6-K · Filed: Jan 27, 2025 · CIK: 1804469
| Field | Detail |
|---|---|
| Company | Guardforce Ai Co., Ltd. (GFAIW) |
| Form Type | 6-K |
| Filed Date | Jan 27, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.12, $10,861,671, $1.45, $271,542, $6,546,970 |
| Sentiment | neutral |
Sentiment: neutral
Topics: atm-offering, filing-update, capital-raising
TL;DR
Guardforce AI confirms ongoing ATM offering with H.C. Wainwright.
AI Summary
Guardforce AI Co., Limited (the "Company") filed a Form 6-K on January 27, 2025, reporting on its activities for January 2025. The filing specifically references an At the Market Offering Agreement (the "ATM Agreement") entered into on July 2, 2024, with H.C. Wainwright & Co., LLC as the Sales Agent, allowing the company to offer and sell its ordinary shares.
Why It Matters
This filing provides an update on the company's ongoing capital raising efforts through its ATM agreement, which could impact its share structure and available funds.
Risk Assessment
Risk Level: medium — The company is actively engaged in an at-the-market offering, which can lead to share dilution and price volatility.
Key Players & Entities
- Guardforce AI Co., Limited (company) — Filer of the report
- H.C. Wainwright & Co., LLC (company) — Sales Agent for the ATM Agreement
- July 2, 2024 (date) — Date the ATM Agreement was entered into
- January 2025 (date) — Reporting period for the Form 6-K
FAQ
What is the purpose of the Form 6-K filing?
The Form 6-K is a report of foreign private issuer filed for the month of January 2025, providing updates on the company's activities, including its At the Market Offering Agreement.
When was the At the Market Offering Agreement entered into?
The At the Market Offering Agreement was entered into on July 2, 2024.
Who is the Sales Agent for the At the Market Offering Agreement?
H.C. Wainwright & Co., LLC is the Sales Agent for the At the Market Offering Agreement.
What is the company's principal executive office address?
The company's principal executive offices are located at 10 Anson Road, #28-01 International Plaza, Singapore 079903.
Does Guardforce AI file annual reports under Form 20-F or Form 40-F?
Guardforce AI files annual reports under Form 20-F.
Filing Stats: 958 words · 4 min read · ~3 pages · Grade level 12.8 · Accepted 2025-01-27 09:00:08
Key Financial Figures
- $0.12 — to time, its ordinary shares, par value $0.12 per share (the “Ordinary Shares&r
- $10,861,671 — the ATM offering for gross proceeds of $10,861,671 (the “2024 ATM Shares”). Th
- $1.45 — ices, for an average price per share of $1.45. Pursuant to the ATM Agreement, a cash
- $271,542 — the ATM Agreement, a cash commission of $271,542 on the aggregate gross proceeds raised
- $6,546,970 — additional aggregate offering price of $6,546,970 (the “Newly Offered Shares”
Filing Documents
- ea0228779-6k_guard.htm (6-K) — 18KB
- ea022877901ex5-1_guard.htm (EX-5.1) — 26KB
- ex5-1_001.jpg (GRAPHIC) — 14KB
- 0001213900-25-006755.txt ( ) — 65KB
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: January 27, 2025 Guardforce AI Co., Limited By: /s/ Lei Wang Lei Wang Chief Executive Officer 3