Guardforce AI’s $15 Million Initial Public Offering

Conyers, working alongside Bevilacqua PLLC, assisted Guardforce AI Co., Ltd. in the public offering. Hunter Taubman Fischer & Li represented the underwriters.

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 acted as counsel to the underwriters with Louis Taubman and Guillaume de Sampigny.

The Conyers’ team was led by Partner Richard Hall.

Involved fees earner: Richard Hall – Conyers Dill & PearmanGuillaume de Sampigny – Hunter Taubman Fischer & Li LLCLouis Taubman – Hunter Taubman Fischer & Li LLC;

Law Firms: Conyers Dill & PearmanHunter Taubman Fischer & Li LLC;

Clients: EF HuttonGuardforce AI Co., Ltd. Joseph Gunnar & Co, LLC;