Guardforce AI Announces Receipt of Nasdaq Minimum Bid Price Deficiency Notification Letter

Core Viewpoint - Guardforce AI Co., Limited has received a notification from NASDAQ regarding non-compliance with the minimum bid price requirement, which necessitates a closing bid price of at least US$1.00 per share for continued listing [1][2]. Group 1: Compliance Notification - The notification letter from NASDAQ indicates that Guardforce AI has not maintained the required minimum bid price for 30 consecutive business days [1]. - The company has until June 10, 2026, to regain compliance by achieving a closing bid price of at least US$1.00 for a minimum of 10 consecutive trading days [2]. Group 2: Current Trading Status - The receipt of the notification letter does not immediately affect the trading status of Guardforce AI's ordinary shares, which will continue to trade on NASDAQ under the ticker "GFAI" [3]. Group 3: Company Response - To address the compliance issue, the company plans to monitor its closing bid price continuously and is considering various measures to improve its financial position and operational results [4]. Group 4: Company Overview - Guardforce AI is an AI-driven technology company focused on automation, robotics, and secured logistics, with a strong operational foundation in cash logistics and retail sectors [5]. - The company utilizes its Intelligent Cloud Platform (ICP) to deliver innovative solutions in cash management, retail automation, and Agentic AI, while also expanding into travel planning [5].