Guardforce AI Extends Contract With GSB In Thailand; Receives NASDAQ Non-Compliance Notice

  • Guardforce AI Co Ltd's GFAI GFAIW secured logistic subsidiary Guardforce Cash Solutions Security (Thailand) Company Limited (GFCS) has extended its contract as the ATM service provider for Government Savings Bank in Thailand.
  • The three-year contract begins on June 1, 2022, and is valued at about $19.5 million.
  •  GFCS will service about 4,000 machines across Thailand and provide a full suite of ATM services, including replenishment, maintenance, and cleaning, under the agreement terms.
  • Additionally, Guardforce AI received a notification letter from the NASDAQ dated May 27, 2022, notifying GFAI that it does not comply with the minimum bid price requirement.
  • GFAI has until November 23, 2022, to regain compliance.
  • Price Action: GFAI shares are trading higher by 4.78% at $0.60 on the last check Tuesday.

Posted In: BriefsNewsPenny StocksContracts

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.