IPO - Gorilla Technology Group Inc.

Form Type: 424B5

Filing Date: 2025-07-02

Corporate Action: Ipo

Type: New

Accession Number: 000121390025060827

Filing Summary: Gorilla Technology Group Inc. is engaged in a registered direct offering of 2,529,946 ordinary shares and pre-funded warrants to purchase 3,470,054 ordinary shares. The offering price for each ordinary share is set at $17.50, while the purchase price of each pre-funded warrant is equal to the price per share minus $0.0001, with an exercise price of $0.0001 per share. The company aims to utilize proceeds from this offering for working capital, which includes financing for previously announced acquisitions of two technology solution providers in Thailand. These acquisitions are expected to be financed with a small portion of the offering proceeds. The delivery of shares and warrants is anticipated on July 2, 2025. The company has also engaged Titan Partners Group LLC as the sole placement agent for this offering, which is not purchasing or selling any of the offered securities. This offering aligns with Gorilla's strategy to enhance its technology solutions, especially in areas such as security intelligence and network intelligence, supporting its goal of global expansion across various industries including government, healthcare, and smart cities.