Gorilla Announces Closing of $105 Million Registered Direct Offering of Common Stock
Gorilla Technology (NASDAQ: GRRR) has successfully closed its previously announced registered direct offering, raising $105 million through the sale of 6,000,000 ordinary shares at $17.50 per share. The offering was primarily led by a $100 million investment from a new fundamental institutional investor, with additional participation from an existing major shareholder.
The company plans to use the net proceeds for working capital needs, establishing performance guarantees and bid bonds, meeting statutory capital requirements for project bids, supporting business growth related to previous acquisitions, and general corporate purposes. Titan Partners Group, a division of American Capital Partners, served as the sole placement agent for this offering.
Gorilla Technology (NASDAQ: GRRR) ha completato con successo la sua offerta diretta registrata precedentemente annunciata, raccogliendo 105 milioni di dollari tramite la vendita di 6.000.000 di azioni ordinarie a 17,50 dollari per azione. L'offerta è stata guidata principalmente da un investimento di 100 milioni di dollari da parte di un nuovo investitore istituzionale fondamentale, con ulteriore partecipazione da parte di un importante azionista esistente.
L'azienda intende utilizzare i proventi netti per esigenze di capitale circolante, per l'istituzione di garanzie di prestazione e cauzioni per gare d'appalto, per soddisfare i requisiti di capitale statutari relativi alle offerte di progetto, per supportare la crescita aziendale legata a precedenti acquisizioni e per scopi aziendali generali. Titan Partners Group, una divisione di American Capital Partners, ha agito come unico agente di collocamento per questa offerta.
Gorilla Technology (NASDAQ: GRRR) ha cerrado con éxito su oferta directa registrada previamente anunciada, recaudando 105 millones de dólares mediante la venta de 6,000,000 acciones ordinarias a 17.50 dólares por acción. La oferta fue liderada principalmente por una inversión de 100 millones de dólares de un nuevo inversor institucional fundamental, con participación adicional de un accionista mayoritario existente.
La compañía planea utilizar los ingresos netos para necesidades de capital de trabajo, establecer garantías de cumplimiento y fianzas para licitaciones, cumplir con los requisitos de capital estatutarios para ofertas de proyectos, apoyar el crecimiento empresarial relacionado con adquisiciones previas y fines corporativos generales. Titan Partners Group, una división de American Capital Partners, actuó como agente colocador exclusivo para esta oferta.
고릴라 테크놀로지 (NASDAQ: GRRR)는 이전에 발표한 등록 직접 공모를 성공적으로 마무리하여 6,000,000 보통주를 주당 17.50달러에 판매하여 1억 500만 달러를 조달했습니다. 이번 공모는 신규 주요 기관 투자자의 1억 달러 투자를 중심으로 진행되었으며, 기존 주요 주주의 추가 참여도 있었습니다.
회사는 순수익을 운영 자금 필요, 성능 보증 및 입찰 보증금 설정, 프로젝트 입찰을 위한 법정 자본 요건 충족, 이전 인수와 관련된 사업 성장 지원, 그리고 일반 기업 목적에 사용할 계획입니다. American Capital Partners의 한 부서인 Titan Partners Group이 이번 공모의 단독 배정 대행사로 활동했습니다.
Gorilla Technology (NASDAQ : GRRR) a clôturé avec succès son offre directe enregistrée précédemment annoncée, levant 105 millions de dollars grâce à la vente de 6 000 000 d'actions ordinaires au prix de 17,50 dollars par action. L'offre a été principalement menée par un investissement de 100 millions de dollars d'un nouvel investisseur institutionnel fondamental, avec une participation supplémentaire d'un actionnaire majeur existant.
La société prévoit d'utiliser le produit net pour les besoins en fonds de roulement, l'établissement de garanties de performance et de cautions d'appel d'offres, le respect des exigences en capital statutaires pour les offres de projets, le soutien de la croissance commerciale liée aux acquisitions précédentes, ainsi que pour des objectifs généraux d'entreprise. Titan Partners Group, une division d'American Capital Partners, a agi en tant qu'agent de placement unique pour cette offre.
Gorilla Technology (NASDAQ: GRRR) hat seine zuvor angekündigte direkte registrierte Kapitalerhöhung erfolgreich abgeschlossen und dabei 105 Millionen US-Dollar durch den Verkauf von 6.000.000 Stammaktien zu je 17,50 US-Dollar pro Aktie eingenommen. Das Angebot wurde hauptsächlich von einer 100-Millionen-Dollar-Investition eines neuen institutionellen Kerninvestors geführt, mit zusätzlicher Beteiligung eines bestehenden Großaktionärs.
Das Unternehmen plant, die Nettoerlöse für den Betriebskapitalbedarf, die Einrichtung von Leistungsgarantien und Bietbürgschaften, die Erfüllung gesetzlicher Kapitalanforderungen für Projektangebote, die Unterstützung des Geschäftswachstums im Zusammenhang mit früheren Übernahmen sowie für allgemeine Unternehmenszwecke zu verwenden. Titan Partners Group, eine Division von American Capital Partners, fungierte als alleiniger Platzierungsagent für dieses Angebot.
- Secured significant $105 million capital injection through registered direct offering
- Major institutional investor commitment with $100 million investment shows strong market confidence
- Strategic funding to support performance guarantees and project bid requirements
- Additional capital available for previously announced acquisition growth
- Significant share dilution with 6,000,000 new ordinary shares issued
- Offering price of $17.50 per share may impact existing shareholder value
Insights
Gorilla's $105M offering strengthens balance sheet with major institutional backing, enabling project bids and acquisition growth.
This
The structure as a registered direct offering is noteworthy - this transaction type typically offers faster execution than traditional follow-on offerings while still providing the benefits of registered shares to investors. The participation of an existing large shareholder alongside the new institutional investor signals confidence in the company's direction from those with inside knowledge of the business.
Most importantly, this capital enables Gorilla to pursue larger contracts that require performance guarantees or bid bonds, potentially accelerating growth in their security and intelligence technology segments. CEO Jay Chandan's characterization of this as adding an "institutional balance sheet partner" suggests the strategic relationship extends beyond mere capital, potentially opening doors to new business opportunities through the investor's network.
- The offering was led by a
$100 million investment from a single new fundamental institutional investor and included additional participation from a large existing shareholder - The proceeds will be used to establish performance guarantees and bid bonds, meeting requirements in connection with bids for projects, and in relation to previously announced acquisitions
London, United Kingdom--(Newsfile Corp. - July 2, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced the closing of its previously announced registered direct offering of 6,000,000 of its ordinary shares (or pre-funded warrants in lieu therof) at an offering price of
The gross proceeds to the Company from the offering are expected to be approximately
"The addition of an institutional balance sheet partner is a significant milestone for Gorilla," said Jay Chandan, Chairman & CEO of Gorilla Technology. "This capital not only reflects investor confidence in our vision but also positions us to accelerate our project pipeline."
Titan Partners Group, a division of American Capital Partners, acted as the sole placement agent for the offering.
The offering was made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-274053) previously filed with the Securities and Exchange Commission (the "SEC") on August 17, 2023, and declared effective on August 29, 2023. The offering was made only by means of a prospectus supplement and the accompanying base prospectus that form a part of the registration statement. A final prospectus supplement relating to the offering was filed with the SEC and is available on the SEC's website at www.sec.gov. Copies of the final prospectus supplement and the accompanying base prospectus relating to the offering, may be obtained by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 29th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at prospectus@titanpartnersgrp.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Gorilla Technology Group Inc.
Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.
Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.
For more information, please visit our website: Gorilla-Technology.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding the Company's intended use of proceeds from the offering, Gorilla's ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the SEC on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
Public Relations Contact:
Samantha Dowd
Prosek Partners
GRRR@prosek.com
Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257552
FAQ
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