Gorilla Technology Group Inc.
For the period ended Jul 2, 2025. Filed Jul 2, 2025.
View on SEC.govAbout this filing
What a company based outside the US has published at home or sent to its shareholders. It is how many foreign companies share results and news between annual reports.
Jul 2, 2025 · Filed Jul 2, 2025
Use the contents to explore the available documents and sections.
Contents
Explanatory Note
On June 30, 2025, Gorilla Technology Group Inc., a Cayman Islands exempted company (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors relating to the issuance and sale of an aggregate of (a) 2,529,946 ordinary shares of the Company and (b) pre-funded warrants to purchase 3,470,054 ordinary shares of the Company, to investors who paid $17.50 per ordinary share and $17.4499 per pre-funded warrant (the “Offering”). The pre-funded warrants have a nominal exercise price of $0.0001 per ordinary share, are immediately exercisable upon issuance and have no expiration date. The Purchase Agreement contains customary representations and warranties, conditions to closing, termination provisions and indemnification obligations, including for liabilities under the Securities Act of 1933, as amended.
The closing of the Offering occurred on July 2, 2025 and the Company received net proceeds of $98.8 million, after deducting placement agent fees but before paying estimated offering expenses. The Offering was made pursuant to the shelf registration statement on Form F-3 (File No. 333-274053) previously filed by the Company with the Securities and Exchange Commission on August 17, 2023 and declared effective by the SEC on August 29, 2023.
Titan Partners Group LLC, a division of American Capital Partners, LLC, acted as the sole placement agent for the Offering (the “Placement Agent”).
On June 30, 2025, the Company also entered into a placement agency agreement (the “Placement Agency Agreement”) with the Placement Agent, pursuant to which the Placement Agent acted as the sole placement agent for the Company in connection with the Offering. The Company agreed to pay the Placement Agent a cash fee of up to 6.0% of the gross proceeds from the Offering and to issue to the Placement Agent (or its designees) warrants to purchase up to 120,000 ordinary shares (the “Placement Agent Warrants”) representing 2.0% of the securities sold in the Offering. The Placement Agent Warrants are immediately exercisable, have an initial exercise price of $21.00 per ordinary share and will expire on the five-year anniversary of the initial issuance date. In addition, the Company agreed to reimburse the Placement Agent for up to $125,000 of its fees and expenses in connection with the Offering. The Placement Agency Agreement contains customary representations, warranties, and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, other obligations of the parties, and termination provisions.
In connection with the Offering, the Company and directors and executive officers of the Company entered into lock-up agreements (the “Lock-Up Agreements”), which each provide for a 45-day lockup period, subject to customary exceptions.
The foregoing descriptions of the Purchase Agreement, the Placement Agency Agreement, the prefunded warrants, the Placement Agent Warrants and the Lock-Up Agreements do not purport to be complete and are qualified in their entirety by reference to the full text of the form of Purchase Agreement, the Placement Agency Agreement, the form of prefunded warrant, the form of Placement Agent Warrant and the form of Lock-Up Agreement, which are filed as Exhibits 99.1, 99.2, 99.3, 99.4 and 99.5 respectively, to this Report of Foreign Private Issuer on Form 6-K and are incorporated by reference herein.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.