- Guardforce said its current share price undervalues its logistics and AI businesses.
- The company said the current buyback program will remain in place for up to one year.
- Earlier, Nasdaq issued a notice stating that the company has until June 10, 2026, to regain compliance or face possible delisting.
Shares of Guardforce AI Co (GFAI) surged more than 43% in pre-market trading on Friday, after the company said that its board of directors approved a share repurchase program, authorizing the company to buy back up to $5 million of its outstanding ordinary shares.
The program is effective immediately and will remain in place for up to one year, the company added.
Guardforce said the move reflects its belief that the current market price does not fully capture the value of its logistics operations and the long-term growth potential of its AI-driven automation and robotics business.
“At current market levels, we believe our shares represent compelling long-term value. This program allows us to act opportunistically while continuing to invest in growth,” said Guardforce Chairwoman and CEO Lei Wang.
Plans To Expand Into Hong Kong, Singapore, and Taiwan
Earlier this month, Guardforce AI signed a non-binding letter of intent to acquire 100% of MGAI, a developer of AI-based speech therapy and rehabilitation solutions. MGAI uses one of China’s largest databases of child language development and serves more than 110,000 patients, with over 20,000 registered rehabilitation professionals. The company also announced plans to expand into Hong Kong, Singapore, and Taiwan.
GFAI stock has been trading below $1 since the beginning of November last year. In December, the company received a Nasdaq notice for failing to meet the $1.00 minimum bid price requirement and has until June 10, 2026, to regain compliance or face possible delisting.
How Did Stocktwits Users React?
Retail sentiment on Stocktwits turned ‘extremely bullish’ from ‘bullish’ a day earlier, amid ‘extremely high’ message volumes.
One user expects the stock to be a short-term runner.
Year-to-date, the stock has declined more than 13%.
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