Gorilla Technology Receives FCA Approval for Shackleton Finance Acquisition, Paving Way for Launch of Gorilla Tech Capital
Rhea-AI Summary
Gorilla Technology (NASDAQ: GRRR) announced that the UK Financial Conduct Authority has approved the change of control of Shackleton Finance, satisfying the key regulatory condition to complete Gorilla's acquisition of Shackleton Finance.
Upon closing, Shackleton Finance will be rebranded Gorilla Tech Capital to structure SPVs for non-dilutive project funding across Gorilla's AI infrastructure pipeline, and the company is targeting $2–3 billion of funds under management by end of 2027.
AI-generated analysis. Not financial advice.
Positive
- FCA change-of-control approval obtained for Shackleton Finance
- Company targeting $2–3 billion funds under management by end-2027
- Planned SPV structure to enable non-dilutive project funding
Negative
- Acquisition has regulatory clearance but is not yet closed
News Market Reaction – GRRR
On the day this news was published, GRRR gained 4.55%, reflecting a moderate positive market reaction. Argus tracked a trough of -9.8% from its starting point during tracking. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $11M to the company's valuation, bringing the market cap to $259.56M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
GRRR was down 2.68% while momentum-screened peers like RXT and ARQQ were up 8.82% and 7.57%, and several sector peers in the watchlist showed single-day declines. This mix points to stock-specific dynamics rather than a uniform sector move.
Previous Acquisition Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 24 | Acquisition-related statement | Positive | +8.2% | Company affirmed buyback usage and insider share purchase intentions amid short pressure. |
Prior acquisition-tag news showed a positive price reaction, indicating the market has previously welcomed strategic transaction updates.
In March 2025, Gorilla issued an acquisition-tagged statement refuting allegations linked to parties facing SEC and DOJ charges and reaffirmed its intention to deploy remaining buyback funds and for insiders to purchase shares after earnings. That announcement, framed around undervaluation and capital deployment, saw a +8.23% one-day move. Today’s FCA approval on the Shackleton Finance deal continues the use of corporate actions and capital tools to support Gorilla’s strategic trajectory.
Historical Comparison
Past acquisition-tag news produced an average 8.23% move, showing investors have reacted meaningfully to strategic transaction and capital-allocation updates.
Acquisition-tag history shows Gorilla combining deal activity, buybacks and insider purchasing intentions to reinforce its valuation and capital structure narrative.
Market Pulse Summary
This announcement confirms FCA change-of-control approval for Shackleton Finance, clearing the main regulatory condition to close the acquisition and launch Gorilla Tech Capital. The new platform is intended to structure SPVs for non-dilutive funding of AI data centres, GPU-as-a-Service and sovereign infrastructure, with a target of $2–$3 billion in funds under management by 2027. Investors may watch closing timing, SPV formation pace and how quickly project-level co-investors are secured.
Key Terms
financial conduct authority regulatory
change of control regulatory
alternative investment fund manager regulatory
aifm regulatory
special purpose vehicles financial
spvs financial
gpu-as-a-service technical
ai infrastructure technical
AI-generated analysis. Not financial advice.
- FCA change of control consent satisfies the key regulatory condition to complete acquisition of Shackleton Finance
- Upon completion, Gorilla Tech Capital will structure SPVs to accelerate non-dilutive project funding across Gorilla's AI infrastructure pipeline
London, United Kingdom--(Newsfile Corp. - April 8, 2026) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres, today announced that the UK Financial Conduct Authority ("FCA") has approved the change of control of Shackleton Finance Limited ("Shackleton Finance"), a UK authorised Alternative Investment Fund Manager ("AIFM") and subsidiary of Shackleton Ventures.
This approval satisfies the key regulatory condition for completion of Gorilla's previously announced acquisition of Shackleton Finance. The transaction is expected to close in the near term. Following completion, Shackleton Finance will be rebranded to Gorilla Tech Capital and will operate as Gorilla's dedicated FCA-regulated capital platform.
"The FCA's approval is a landmark moment for Gorilla and signals a step change in how we will finance and scale our AI infrastructure pipeline," said Jay Chandan, Chairman & Chief Executive Officer of Gorilla. "We have built a high conviction pipeline across ASEAN, India, the Middle East and Europe. Gorilla Tech Capital will give us a regulated platform to bring in co-investors at the project level, accelerating delivery while preserving the strength of the group balance sheet."
The FCA approval is a major milestone in Gorilla's strategy to build a regulated non-dilutive funding model for sovereign scale AI infrastructure. Shackleton Finance's FCA-regulated platform and fund management capabilities will be combined with Gorilla's origination and delivery strengths to create an integrated originate-finance-and-operate model for critical digital infrastructure.
Through Gorilla Tech Capital, the Company expects to structure special purpose vehicles ("SPVs") to co-invest in and provide partial equity funding for specific infrastructure projects, alongside institutional and other qualified investors. This approach is designed to accelerate deployment across Gorilla's pipeline, including AI data centres, GPU-as-a-Service programmes and sovereign infrastructure initiatives, while maintaining balance sheet discipline and minimising shareholder dilution. Gorilla is targeting
It is intended that Shackleton Finance's senior management team will remain in place following completion to maintain regulatory continuity and responsible stewardship of existing funds.
About Gorilla Technology Group Inc.
Headquartered in London U.K., Gorilla is a global solution provider in Data Centres, 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.
About Shackleton Finance Limited/Gorilla Tech Capital
Shackleton Finance Limited is a UK-based Alternative Investment Fund Manager, authorised and regulated by the Financial Conduct Authority. Subject to completion of the acquisition by Gorilla Technology Group, Shackleton Finance will be rebranded as Gorilla Tech Capital and will operate as the Company's regulated capital platform, focused on institutional investment in AI data centres, GPU-as-a-Service deployments, sovereign infrastructure, and adjacent digital infrastructure assets.
Note: This announcement is issued for information purposes only. It does not constitute a financial promotion within the meaning of section 21 of the Financial Services and Markets Act 2000. No fund, investment vehicle or specific investment opportunity is in existence at the date of this announcement, and no offering of any kind is being made or solicited by or through this announcement.
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", "targeting" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our ability to consummate the acquisition of Shackleton, our ability to raise third-party capital for and establish funds under the Gorilla Tech Capital platform at the scale indicated, our ability to negotiate investments in our projects from new Gorilla Capital funds on an arm's-length basis, and 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 Securities and Exchange Commission (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 | Investor Relations Contact |
| Samantha Dowd Prosek Partners for Gorilla Technology GRRR@prosek.com | Dave Gentry RedChip Companies, Inc. for Gorilla Technology 1-407-644-4256; GRRR@redchip.com |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291601