Shares of Gorilla Technology rose after the company said it completed two bond financings totaling about $232 million.

Shares were recently up 3.3% at $12.55 in late Tuesday morning trading. The stock is down about 10% over the past three months.

Gorilla said the new capital will be deployed primarily at the NeutraDC Batam data center in Indonesia and to fund its equity contribution to the Yotta 2 program in India.

At NeutraDC Batam, the latest financing provides the corporate equity needed to make advance payments, secure committed data‑center capacity and begin equipment procurement, logistics, integration and mobilization for the initial phases.

The first phase of the data‑center program is targeted to roll out in two tranches in September and December. The company said revenue will begin as contracted capacity is deployed and accepted under a signed five‑year AI compute infrastructure agreement expected to generate about $2.5 billion over five years, including about $1.3 billion from the first phase.

The company said work on Yotta 2 is advancing across engineering, site readiness, infrastructure architecture, equipment planning and deployment sequencing. The Yotta 2 program is structured to support the planned deployment of an additional 20,736 next‑generation GPUs in New Delhi and has an estimated project value of about $2.5 billion under the current commercial framework.

Write to Doc Louallen at Doc.Louallen@wsj.com

(END) Dow Jones Newswires

July 21, 2026 11:19 ET (15:19 GMT)

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