Gorilla Technology Group Issues Shares and Warrants
Ticker: GRRRW · Form: 6-K · Filed: Jun 11, 2024 · CIK: 1903145
| Field | Detail |
|---|---|
| Company | Gorilla Technology Group INC. (GRRRW) |
| Form Type | 6-K |
| Filed Date | Jun 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $5.60, $11.3 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-issuance, warrants, equity-offering
TL;DR
Gorilla Tech sold shares & warrants on 6/10. Dilution alert!
AI Summary
On June 10, 2024, Gorilla Technology Group Inc. issued and sold 2,142,858 ordinary shares and warrants to purchase an equal number of shares. The company is a Cayman Islands exempted company and filed this report under the 1934 Act.
Why It Matters
This issuance of new shares and warrants could dilute existing shareholders' ownership and potentially impact the stock price.
Risk Assessment
Risk Level: medium — The issuance of new shares and warrants can lead to dilution for existing shareholders, potentially affecting the stock's value.
Key Numbers
- 2,142,858 — Ordinary Shares Issued (Represents new equity issued by the company.)
- 2,142,858 — Warrants Issued (Potential for future share issuance.)
Key Players & Entities
- Gorilla Technology Group Inc. (company) — Issuer of shares and warrants
- June 10, 2024 (date) — Date of issuance
- 2,142,858 (dollar_amount) — Number of ordinary shares issued
- 2,142,858 (dollar_amount) — Number of warrants issued
FAQ
What was the total number of ordinary shares issued by Gorilla Technology Group Inc. on June 10, 2024?
Gorilla Technology Group Inc. issued 2,142,858 ordinary shares.
What type of warrants were issued along with the ordinary shares?
Series C ordinary share purchase warrants were issued.
What is the total number of shares that the issued warrants can be exercised for?
The warrants allow for the purchase of 2,142,858 ordinary shares.
What is the filing date of this Form 6-K?
The filing date is June 11, 2024.
Under which US securities act is this report filed?
This report is filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
Filing Stats: 477 words · 2 min read · ~2 pages · Grade level 13.2 · Accepted 2024-06-11 06:32:45
Key Financial Figures
- $5.60 — ares, the “Securities”) for $5.60 per ordinary share and accompany warran
- $11.3 m — received net proceeds of approximately $11.3 million, after deducting placement agent
Filing Documents
- ea0207548-6k_gorilla.htm (6-K) — 19KB
- ea020754801ex99-1_gorilla.htm (EX-99.1) — 18KB
- ea020754801ex99-2_gorilla.htm (EX-99.2) — 12KB
- ex99-1_001.jpg (GRAPHIC) — 13KB
- ex99-1_002.jpg (GRAPHIC) — 50KB
- 0001213900-24-051498.txt ( ) — 137KB
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 11, 2024 By: /s/ Jayesh Chandan Name: Jayesh Chandan Title: Chief Executive Officer (Principal Executive Officer) 2 Exhibit Index Exhibit Description 99.1 Opinion of Travers Thorp Alberga, regarding the legality of the Shares (including consent) 99.2 Opinion of Pillsbury Winthrop Shaw Pittman, regarding the legality of the Warrants (including consent) 3