What's Going On With Guardforce AI (GFAI) Shares Today - Guardforce AI Co (NASDAQ:GFAI)

Guardforce AI Co., Limited (NASDAQ:GFAI) shares are trading higher Friday morning.
Guardforce AI priced the public offering of 2.58 million ordinary shares, at $4.65 a piece, on May 10, for aggregate gross proceeds of approximately $12.0 million.
Following the announcement, shares plummeted nearly 31% on May 11.
The company has granted the underwriters a 45-day option to purchase up to an additional 387,090 ordinary shares at the public offering price per share.
Guardforce's offering is expected to close on May 15, 2023.
Related: Guardforce AI Stock Is Tanking After Hours: What's Going On?
Guardforce is an integrated security provider specializing in secured logistics, AI and Robot-as-a-Service (RaaS). The stock has soared in recent months amid a surge in the popularity of AI-related names.
Price Action: GFAI shares traded higher by 4.81% at $5.23 on the last check Friday.

What's Going On With Guardforce AI Shares Today