Gorilla Technology Group Raises $1.5M in Share Offering

TL;DR

Gorilla Tech sold shares & warrants for $1.5M, closing June 6th.

AI Summary

On June 6, 2024, Gorilla Technology Group Inc. entered into securities purchase agreements with certain investors to issue and sell 2,142,858 ordinary shares and warrants to purchase an equal number of shares. The aggregate gross proceeds from this offering are expected to be approximately $1.5 million before deducting offering expenses.

Why It Matters

This capital infusion provides Gorilla Technology Group with additional funds, potentially enabling them to pursue growth initiatives or strengthen their financial position.

Risk Assessment

Risk Level: medium — The company is issuing new shares and warrants, which can dilute existing shareholders and may indicate a need for capital.

Key Numbers

• $1.5M — Gross Proceeds (Raised from the sale of shares and warrants)
• 2,142,858 — Shares/Warrants Sold (Number of ordinary shares and Series C warrants issued)

Key Players & Entities

• Gorilla Technology Group Inc. (company) — Filer of the report
• June 6, 2024 (date) — Date of the securities purchase agreements
• 2,142,858 (dollar_amount) — Number of ordinary shares and warrants sold
• $1.5 million (dollar_amount) — Aggregate gross proceeds from the offering

FAQ

Key Financial Figures

• $5.60 — ;Warrants”) to such investors for $5.60 per ordinary share and accompany warran
• $5.90 — ate of issuance at an exercise price of $5.90 per ordinary share. A holder of a Warra
• $5 — s B ordinary share purchase warrants to $5.90, conditional on the consummation of
• $11.3 m — o receive net proceeds of approximately $11.3 million, after deducting placement agent
• $6.00 — e preference shares each decreased from $6.00 to the lower of $5.60 or the lowest VWA
• $6.2639 — ordinary shares at an average price of $6.2639 per ordinary share. On April 30, 2024,
• $6.022 — ordinary shares at an average price of $6.022 per ordinary share pursuant to the Sale
• $6.0294 — ordinary shares at an average price of $6.0294 per ordinary share pursuant to the Sale
• $6.0565 — ordinary shares at an average price of $6.0565 per ordinary share pursuant to the Sale
• $6.1043 — sold 25,900 ordinary shares at price of $6.1043 per ordinary share pursuant to the Sale
• $6.0007 — ordinary shares at an average price of $6.0007 per ordinary share pursuant to the Sale

Filing Documents

• ea0207495-6k_gorilla.htm (6-K) — 20KB
• ea020749501ex99-1_gorilla.htm (EX-99.1) — 352KB
• ea020749501ex99-2_gorilla.htm (EX-99.2) — 14KB
• ea020749501ex99-5_gorilla.htm (EX-99.5) — 7KB
• 0001213900-24-050530.txt ( ) — 395KB

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: June 7, 2024 By: /s/ Jayesh Chandan Name: Jayesh Chandan Title: Chief Executive Officer (Principal Executive Officer) 2 Exhibit Index Exhibit Description 99.1 Form of Securities Purchase Agreement 99.2 Form of Warrant Amendment 99.3 Form of Warrant (included in Exhibit 99.1) 99.4 Form of Lock-Up Agreement (included in Exhibit 99.1) 99.5 Press release dated June 7, 2024 3

View Full Filing

View this 6-K filing on SEC EDGAR