Gorilla Technology Group Inc. has announced a $105 million registered direct offering of its common stock, with a significant $100 million investment from a new institutional investor and additional participation from an existing large shareholder. The offering involves the sale of 6,000,000 ordinary shares at $17.50 each. The proceeds are intended for working capital needs, including establishing performance guarantees and bid bonds, meeting project bid requirements, supporting previous acquisitions, and general corporate purposes. Titan Partners Group is the sole placement agent for the offering, which is expected to close around July 2, 2025. The offering is conducted under an effective shelf registration statement on Form F-3, filed with the SEC in August 2023. A final prospectus supplement will be available on the SEC's website.
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