卫安智能美股招股说明书(2025-01-24版)

424B51ea0228564-424b5_guardforce.htmPROSPECTUSSUPPLEMENT FiledPursuanttoRule424(b)(5)RegistrationNo.333-284261 PROSPECTUSSUPPLEMENT (ToProspectusdatedJanuary24,2025) Upto$6,546,970 Ordinaryshares GUARDFORCEAICO.,LIMITED WehaveenteredintoanAttheMarketOfferingAgreement,datedasofJuly2,2024(the“ATMAgreement”),with H.C.Wainwright&Co.,LLC(the“Manager”),relatingtoourordinaryshares,parvalue$0.12pershare(the“OrdinaryShares”),offeredbythisprospectussupplementandtheaccompanyingbaseprospectus.InaccordancewiththetermsoftheATMAgreement,wemayofferandsellourOrdinaryShares,underthisprospectus,havinganaggregateofferingpriceofupto$6,546,970fromtimetotimethroughtheManager,actingassaleagentorprincipal. OurOrdinarySharesandwarrantsarebothlistedontheNasdaqCapitalMarketunderthesymbol“GFAI”and“GFAIW”,respectively.ThelastreportedsalepriceofourOrdinarySharesandwarrantsontheNasdaqCapitalMarketonJanuary23,2025was$1.88and$0.20,respectively.YouareurgedtoobtaincurrentmarketquotationsofourOrdinaryShares. SalesofourOrdinaryShares,ifany,underthisprospectussupplementandtheaccompanyingbaseprospectuswillbemadeinsalesdeemedtobean“atthemarketoffering”asdefinedinRule415(a)(4)promulgatedundertheSecuritiesActof1933,asamended,ortheSecuritiesAct,includingsalesmadedirectlyonorthroughtheNasdaqCapitalMarket,theexistingtradingmarketforourOrdinaryShares,salesmadetoorthroughamarketmakerotherthanonanexchangeorotherwise,directlytoManagerasprincipal,innegotiatedtransactionsatmarketpricesprevailingatthetimeofsaleoratpricesrelatedtosuchprevailingmarketprices,and/orinanyothermethodpermittedbylaw.TheManagerisnotrequiredtosellanyspecificamountofOrdinaryShares,butwillactasoursalesagentusingcommerciallyreasonableeffortsconsistentwithitsnormaltradingandsalespractices,onmutuallyagreedtermsbetweentheManagerandus.Thereisnoarrangementforfundstobereceivedinanyescrow,trustorsimilararrangement. ThecompensationtotheManagerforsalesofOrdinarySharessoldpursuanttotheATMAgreementwillbeanamountupto3.0%ofthegrossproceedsofOrdinarySharessoldundertheATMAgreementunlessotherwiseagreedbytheCompanyandtheManager.InconnectionwiththesaleofOrdinarySharesonourbehalf,theManagermaybedeemedtobean“underwriter”withinthemeaningoftheSecuritiesActandthecompensationoftheManagermaybedeemedtobeunderwritingcommissionsordiscounts.WehavealsoagreedtoprovideindemnificationandcontributiontotheManagerwithrespecttocertainliabilities,includingliabilitiesundertheSecuritiesActortheSecuritiesExchangeActof1934,asamended,ortheExchangeAct. Asofthedateofthisprospectussupplement,theaggregatemarketvalueofouroutstandingOrdinarySharesheldbynon-affiliatesisapproximately$52.23millionbasedon17,808,947OrdinarySharesissuedandoutstanding,ofwhichapproximately17,466,864OrdinarySharesareheldbynon-affiliates,andapersharepriceof$2.99basedontheclosingpriceofourOrdinarySharesonJanuary6,2025,whichisthehighestclosingsalepriceofourOrdinarySharesonTheNasdaqCapitalMarketwithintheprior60days.Duringthe12calendarmonthspriortoandincludingthedateofthisprospectussupplement,wehavesold$10,861,671ofourOrdinarySharespursuantto GeneralInstructionI.B.5ofFormF-3.PursuanttoGeneralInstructionI.B.5ofFormF-3,innoeventwillwesellsecuritiesregisteredinapublicprimaryofferingwithavalueexceedingmorethanone-thirdofourpublicfloatinany12calendarmonthperiodsolongasourpublicfloatremainsbelow$75.0million. Investinginoursecuritiesinvolvesahighdegreeofrisk.Pleaseread“RiskFactors”beginningonpageS-12ofthisprospectussupplementandelsewhereinthisprospectussupplement,theaccompanyingbaseprospectusandtheotherdocumentsthatareincorporatedbyreferenceinthisprospectussupplementandtheaccompanyingbaseprospectus. NeithertheU.S.SecuritiesandExchangeCommissionnoranystatessecuritiescommissionhasapprovedordisapprovedofthesesecuritiesordeterminedifthisprospectussupplementortheaccompanyingprospectusistruthfulorcomplete.Anyrepresentationtothecontraryisacriminaloffense. H.C.Wainwright&Co. ThedateofthisprospectussupplementisJanuary24,2025. TABLEOFCONTENTS ProspectusSupplement Page AboutthisProspectusSupplementS-ii UseofCertainDefinedTermsS-iii CautionaryNoteRegardingForward-lookingStatementsS-vi ProspectusSupplementSummaryS-1 TheOfferingS-11 RiskFactorsS-12 UseofProceedsS-17 DilutionS-18 DescriptionofOrdinarySharesWeAreOfferingS-20 PlanofDistributionS-25 LegalMattersS-26 ExpertsS-26 IncorporationofCertainInformationbyReferenceS-27 WhereYouCanFindMoreInformationS-27 Prospectus ABOUTTHISPROSPECTUS ii COMMONLYUSEDDEFINEDTERMS iii PROSPECTUSSUMMARY 1 RISKFACTORS 22 FORWARD-LOOKINGSTATEMENTS 44 USEOFPROCEEDS 45 CAPITALIZATIONANDINDEBTEDNESS 45 DESCRIPTIONOFSHARECAPITAL 46 DESCRIPTIONOFDEBTSECURITIES 51 DESCRIPTIONOFWARRANTS 60 DESCRIPTIONOFRIGHTS61 TAXATION62 DESCRIPTIONOFUNITS62 EXPENSESOFISSUANCEANDDISTRIBUTION65 PLANOFDISTRIBUTION63 EXPERTS66 LEGALMATTERS66 INDEMNIFICATION66 FINANCIALINFORMATION66 MATERIALCHANGES67 ENFORCEMENTOFCIVILLIABILITIES67 WHEREYOUCANFINDMOREINFORMATION69 INCORPORATIONOFCERTAININFORMATIONBYREFERENCE68 S-i ABOUTTHISPROSPECTUSSUPPLEMENT OnJanuary14,2025,wefiledwiththe