Gorilla Technology Group Inc. (NASDAQ: GRRR) has announced a significant financial milestone with a $105 million equity raise, facilitated by Titan Partners Group LLC, a division of American Capital Partners. This registered direct offering includes 6 million ordinary shares or pre-funded warrants priced at $17.50 per share, attracting investment from a new fundamental institutional investor alongside a large existing shareholder. The proceeds are earmarked for working capital, performance guarantees, statutory reserves, and previously announced acquisitions, among other corporate purposes. The transaction is anticipated to close around July 2, 2025, subject to customary closing conditions.
This capital infusion is pivotal for Gorilla Technology as it seeks to bolster its operational capabilities and strategic acquisitions, positioning the company for sustained growth in the competitive technology sector. The involvement of Titan Partners, known for its expertise in capital markets transactions, underscores the confidence in Gorilla Technology's business model and future prospects. For more details on the offering, visit https://ibn.fm/XZ8iJ.
