Guardforce AI Co (NASDAQ:GFAI), a leading integrated security provider specializing in secured logistics, AI and Robot-as-a-Service (RaaS), saw their stock holders suffer significant losses after the company announced a public offering. The underwritten public offering was initiated after the close, with the details such as the size and the price of the offering left undisclosed.
This has caused a great deal of panic among shareholders of Guardforce AI, as the stock saw a tumble of over 52% percent after hours – trading down to $5.60 at the time of writing. This has taken place at a time where the company had seen a prolonged period of success, as the advanced of AI-related technologies had been favorable to them over the past months.
Guardforce AI Co is industry leader in the advanced security and AI technologies, boasting a comprehensive service portfolio. Their long list of services includes but is not limited to secured logistics, artificial intelligence enabled services, andRobot-as-a-Service. The company had been on a hot streak when it came to their financial figures, bolstered by the enormouse demand for similar services all over the world, leading to investors being, for the most part, satisfied with the current results.
This is why the announcement of a public offering in their stock caught many off guard, as even though they were aware of some major changes that this would incur, the company had done a superb job at keeping their plans confidential – until now that is.
The announcement of the public offering, coupled with the unknown details about it, likely accounts for why investors are so outraged by the current events. With an uncertain future, investors have become rightly apprehensive, as the consequences of this decision are still unclear.
The other person mentioned in this article is the Uber CEO. He has recently spoken at length about how he believes the company will reach profitability and the potential of AI within their company. The Uber COE is optimistic that they will be able to capitalize on the ever-growing demand for AI to help them reach their goals and increase their profitability. Similarly, Guardforce AI Co sees a promising and lucrative future in providing AI-related services, however their investors must remain patient as the details of the public offering become clearer.
