Gorilla Technology Group Inc. Announces 10-for-1 Share Consolidation
Ticker: GRRRW · Form: 6-K · Filed: Apr 9, 2024 · CIK: 1903145
| Field | Detail |
|---|---|
| Company | Gorilla Technology Group INC. (GRRRW) |
| Form Type | 6-K |
| Filed Date | Apr 9, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00, $0.0001, $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-action, share-consolidation
TL;DR
Gorilla Tech consolidates shares 10-to-1, effective April 9, 2024.
AI Summary
Gorilla Technology Group Inc. announced a 10-to-1 ordinary share consolidation on April 9, 2024. This action, approved by the board and shareholders, aims to adjust the number of outstanding shares.
Why It Matters
A share consolidation can impact a company's stock price and trading dynamics, potentially making it more attractive to institutional investors or meeting exchange listing requirements.
Risk Assessment
Risk Level: low — This filing is a routine corporate action announcement and does not contain significant financial or operational risks.
Key Numbers
- 10-to-1 — Share Consolidation Ratio (This is the ratio at which Gorilla Technology Group Inc. is consolidating its ordinary shares.)
Key Players & Entities
- Gorilla Technology Group Inc. (company) — The company announcing the share consolidation.
- April 9, 2024 (date) — Date of the announcement and effective date of the share consolidation.
- 10-to-1 (ratio) — The ratio of the share consolidation.
FAQ
What is the purpose of the share consolidation?
The filing states the share consolidation was announced on April 9, 2024, and approved by the board and shareholders, implying it's a strategic corporate action to adjust the number of outstanding shares.
When was the share consolidation announced?
The share consolidation was announced on April 9, 2024.
What is the ratio of the share consolidation?
The share consolidation is at a ratio of 10-to-1.
Who approved the share consolidation?
The share consolidation was approved by the Company's board of directors and previously approved by the Company's shareholders.
What type of company is Gorilla Technology Group Inc.?
Gorilla Technology Group Inc. is a Cayman Islands exempted company.
Filing Stats: 531 words · 2 min read · ~2 pages · Grade level 14 · Accepted 2024-04-09 16:01:03
Key Financial Figures
- $1.00 — the Company expects to meet the minimum $1.00 per share requirement for maintaining t
- $0.0001 — uo;s ordinary shares will increase from $0.0001 to $0.001. INCORPORATION BY REFERENCE
- $0.001 — ry shares will increase from $0.0001 to $0.001. INCORPORATION BY REFERENCE The inf
Filing Documents
- ea0203557-6k_gorillatech.htm (6-K) — 18KB
- 0001213900-24-031583.txt ( ) — 19KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Gorilla Technology Group Inc. Date: April 9, 2024 By: /s/ Jayesh Chandan Name: Jayesh Chandan Title: Chief Executive Officer (Principal Executive Officer) 2