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Gorilla Technology Group Inc. reports developments in AI-driven security intelligence, network intelligence, business intelligence, IoT technology and data centres. Company news commonly covers financial results, AI infrastructure and GPU deployment agreements, smart city and public safety programs, video and network security solutions, and strategic investments that expand its infrastructure intelligence stack.
Updates also address governance and public-company reporting, including internal controls, Section 16 ownership reporting, shareholder voting matters and capital-structure actions such as share repurchases.
Gorilla Technology (NASDAQ: GRRR) has completed two bond financings raising aggregate gross proceeds of $232 million in long-term corporate capital to accelerate its AI infrastructure programmes in India, Indonesia and Thailand. According to Gorilla Technology, the most recent financing principally supports the NeutraDC Batam GPUaaS programme, while the earlier financing funds its equity contribution to the Yotta 2 programme.
The signed NeutraDC Batam contract represents approximately $2.5 billion of expected revenue over five years, including about $1.3 billion from its first phase, with deployments targeted between September 2026 and the first half of 2027. Yotta 1 in India (5,120 GPUs) is expected to generate about $500 million over five years, and Yotta 2 is structured around a projected $2.5 billion project value. In Thailand, the 200MW Korat campus is outlined with an illustrative five‑year gross revenue potential of $16–18 billion, which remains subject to customer contracts, financing and utilisation.
Gorilla Technology Group (NASDAQ: GRRR) announced that holders of its Class A and Class B contingent value rights (CVRs) are entitled to a distribution of Gorilla ordinary shares, subject to the Contingent Value Rights Agreement. On June 12, 2026, the SPAC Representative and Company Representative instructed the Escrow Agent that 560,000 Earnout Shares had been forfeited by Company shareholders. On July 17, 2026, a CVR Payment Notice designated these 560,000 shares as Revenue Protection Shares, equal to 0.085134912 ordinary shares per CVR for Qualifying CVR Holders. To qualify, holders must email a detailed Valid Notice to Gorilla within one year, or the underlying ordinary shares will be deemed forfeited.
Gorilla Technology Group (NASDAQ: GRRR) priced $125 million of 7.50% Senior Unsecured Convertible Notes, Series B due June 15, 2031, in a private placement to institutional investors under Section 4(a)(2). The offering is expected to close on or about July 17, 2026, subject to customary conditions.
The Bonds will be issued at par, pay 7.50% interest semi-annually in arrears, and are convertible at an initial rate of 39.2425 ordinary shares per $1,000, implying a conversion price of about $25.4826 per share. This reflects a 52% premium to the July 14, 2026 closing price of $16.77 and includes a downward reset floor of $8.00 and an upward reset cap of $31.85325 (a 90% premium). Interest may be paid in cash or, at the company’s election and subject to conditions, in ordinary shares.
According to Gorilla, net proceeds will fund advance payments to secure committed data center capacity and begin equity purchases of data center equipment for its NeutraDC Batam project in Indonesia, with any remainder for general corporate purposes. The securities are unregistered; Gorilla plans to file a resale registration statement on Form F-3 for the Bonds and underlying shares.
Gorilla Technology (NASDAQ: GRRR) completed the acquisition of Shackleton Finance, creating Gorilla Tech Capital, a regulated capital platform. The new unit aims to raise institutional capital for AI infrastructure, data centres and GPU-as-a-Service projects, supporting Gorilla's global project pipeline while reducing reliance on dilutive equity financing.
Gorilla Technology (NASDAQ:GRRR) signed a five-year AI GPUaaS compute contract with a high investment-grade global technology customer, expected to generate about US$2.5 billion in revenue. The project will deploy around 1,000 B300 GPU servers at the NeutraDC Batam data centre in Indonesia.
The first phase is expected to deliver roughly US$1.3 billion over five years, with deployments targeted for September and December 2026 and remaining capacity in 1H 2027. Debt financing offers reportedly cover about 70% of anticipated GPU, networking and infrastructure costs, supporting Gorilla's forward revenue visibility.
Gorilla Technology Group (NASDAQ: GRRR) priced $107 million of 7.50% senior unsecured convertible notes due June 5, 2031. The notes convert at an initial price of about $25.48 per share, a 17% premium to the June 2, 2026 close, with reset floor $6 and cap $31.85. Proceeds are intended to fund the equity portion of data center equipment purchases for Gorilla's second project with Yotta Data Services, with any remainder for general corporate purposes.
Gorilla Technology (NASDAQ: GRRR) announced a landmark AI infrastructure supply arrangement in India with Supermicro, valued at about US$2 billion. The deal covers 20,736 B300 cards, 5,120 B200 cards, networking gear and infrastructure to support Gorilla's Yotta AI data center deployments and broader Asia Pacific expansion.
Gorilla Technology (NASDAQ:GRRR) reported Q1 2026 revenue of $28.2 million, up about 55% year on year. Operating cash flow improved to $6.6 million from a $10.7 million outflow, and cash rose year on year to $98.4 million. IFRS operating loss was $41.1 million, mainly from $20.9 million stock-based compensation and $18.9 million FX losses. Full-year 2026 revenue guidance was raised to $160–$200 million.
Gorilla Technology (NASDAQ: GRRR) announced a strategic AI data centre capacity agreement with NeutraDC, securing about 5.5MW now, with plans to scale to 18MW by November 2026. The capacity is intended to support AI compute and enterprise workloads across Asia.
The deal aligns with Gorilla’s goal to aggregate 150–200MW of regional capacity over the next year. According to the company, fully utilised deployments tied to this capacity could represent a revenue opportunity exceeding US$2 billion over five years. Final terms remain subject to definitive documentation and due diligence.
Gorilla Technology (NASDAQ:GRRR) will host a conference call on Wednesday, May 27, 2026 at 4:30 p.m. ET to discuss first quarter 2026 financial results for the period ended March 31, 2026. A financial results press release will be issued before the call.