- The offering is led by a $100 million investment from a single new fundamental institutional investor and includes additional participation from a large existing shareholder
- The proceeds will be used to establish performance guarantees and bid bonds, as well as meeting requirements in connection with bids for projects, and in relation to previously announced acquisitions
London, United Kingdom - Newsfile Corp. - June 30, 2025 -
Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced that it has entered into a securities purchase agreement for ordinary shares with a $100 million investment from a single new fundamental institutional investor as well as participation from a large existing shareholder to raise $105 million of equity capital via a registered direct offering of 6,000,000 of its ordinary shares (or pre-funded warrants in lieu thereof) at an offering price of $17.50 per ordinary share. The gross proceeds to the Company from the offering are expected to be approximately $105 million before deducting placement agent fees and other offering expenses payable by the Company. Gorilla intends to use the net proceeds from the offering for working capital needs, particularly to establish performance guarantees or bid bonds; establish statutory capital reserves and meet other requirements in connection with bids for various projects; in relation to previously announced acquisitions; and for other general corporate purposes. Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering. The offering is expected to close on or about July 2, 2025, subject to the satisfaction of customary closing conditions. The offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-274053) previously filed with the Securities and Exchange Commission (the "SEC") on August 17, 2023, and declared effective on August 29, 2023. The offering is being made only by means of a prospectus supplement and the accompanying base prospectus that form a part of the registration statement. A final prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC's website at
www.sec.gov. Copies of the final prospectus supplement and the accompanying base prospectus relating to the offering, when available, may be obtained by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 29th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at
prospectus@titanpartnersgrp.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Gorilla Technology Group Inc. Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies. Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents. For more information, please visit our website:
Gorilla-Technology.com.
Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding relating the expected completion, timing and size of the offering, the Company's intended use of...