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Gorilla Technology Taps $105M to Support Bid Bonds & Growth Plans
ZACKS· 2025-07-01 22:36
Key Takeaways Gorilla Technology Group Inc. (GRRR) recently announced a $105 million direct offering of common stock. This includes a $100 million investment from a new institutional investor and additional funds from an existing shareholder. The company will sell 6 million shares (or equivalent warrants) at $17.50 per share. The deal is expected to close around July 2, 2025. This is a major capital raise for GRRR. The participation of a new fundamental institutional investor signals strong external confide ...