Gorilla Technology Group (NASDAQ: GRRR) announced strategic actions to strengthen its market position, including the removal of a partial shareholder overhang through warrant exercises that injected nearly $6 million in fresh capital. The company is actively engaging with investors for strategic share acquisitions while advancing its share buyback program to enhance its capital structure.
The company reports having a robust project backlog and strategic partnerships across key industries, with a strong presence in emerging markets. Management expressed confidence in the company’s growth prospects, particularly in AI and cybersecurity solutions.
Gorilla Technology Group (NASDAQ: GRRR) ha annunciato azioni strategiche per rafforzare la propria posizione di mercato, inclusa l’eliminazione di un parziale onere azionario attraverso l’esercizio di warrant che hanno iniettato quasi 6 milioni di dollari di nuovo capitale. L’azienda sta attivamente coinvolgendo gli investitori per acquisizioni strategiche di azioni, mentre avanza nel suo programma di riacquisto di azioni per migliorare la struttura del capitale.
L’azienda riporta di avere un solido portafoglio di progetti e partnership strategiche in settori chiave, con una forte presenza nei mercati emergenti. La direzione ha espresso fiducia nelle prospettive di crescita dell’azienda, in particolare nelle soluzioni di intelligenza artificiale e cybersecurity.
Gorilla Technology Group (NASDAQ: GRRR) anunció acciones estratégicas para fortalecer su posición en el mercado, incluyendo la eliminación de una sobrecarga parcial de accionistas a través del ejercicio de warrants que inyectó casi 6 millones de dólares en nuevo capital. La empresa está comprometida activamente con los inversores para adquisiciones estratégicas de acciones, mientras avanza en su programa de recompra de acciones para mejorar su estructura de capital.
La empresa informa tener un sólido portafolio de proyectos y asociaciones estratégicas en industrias clave, con una fuerte presencia en mercados emergentes. La dirección expresó confianza en las perspectivas de crecimiento de la empresa, particularmente en soluciones de inteligencia artificial y ciberseguridad.
고릴라 기술 그룹 (NASDAQ: GRRR)는 시장 지위를 강화하기 위한 전략적 조치를 발표했으며, 이에는 거의 6백만 달러의 새로운 자본을 주입한 워런트 행사를 통해 부분적으로 주주 부담을 제거하는 것이 포함됩니다. 회사는 자본 구조를 향상시키기 위해 주식 매입 프로그램을 진행하면서 전략적 주식 인수에 대해 투자자와 적극적으로 소통하고 있습니다.
회사는 강력한 프로젝트 후속 목록과 주요 산업 전반에 걸쳐 전략적 파트너십을 보유하고 있으며, 신흥 시장에서 강력한 존재감을 보이고 있습니다. 경영진은 인공지능 및 사이버 보안 솔루션에서 회사의 성장 전망에 대한 확신을 표현했습니다.
Gorilla Technology Group (NASDAQ: GRRR) a annoncé des actions stratégiques pour renforcer sa position sur le marché, notamment l’élimination d’une surcharge d’actionnaires partielle grâce à l’exercice de warrants ayant injecté près de 6 millions de dollars de nouveau capital. L’entreprise engage activement des discussions avec des investisseurs pour des acquisitions stratégiques d’actions tout en avançant dans son programme de rachat d’actions pour améliorer sa structure de capital.
L’entreprise fait état d’un solide carnet de projets et de partenariats stratégiques dans des secteurs clés, avec une forte présence sur les marchés émergents. La direction a exprimé sa confiance dans les perspectives de croissance de l’entreprise, en particulier dans les solutions d’intelligence artificielle et de cybersécurité.
Gorilla Technology Group (NASDAQ: GRRR) hat strategische Maßnahmen angekündigt, um ihre Marktposition zu stärken, darunter die Beseitigung einer teilweisen Aktionärslast durch die Ausübung von Warrants, die fast 6 Millionen Dollar frisches Kapital eingebracht haben. Das Unternehmen ist aktiv im Gespräch mit Investoren für strategische Aktienkäufe, während es sein Aktienrückkaufprogramm vorantreibt, um die Kapitalstruktur zu verbessern.
Das Unternehmen berichtet von einem soliden Projektstapel und strategischen Partnerschaften in Schlüsselindustrien mit einer starken Präsenz in aufstrebenden Märkten. Das Management äußerte Vertrauen in die Wachstumsaussichten des Unternehmens, insbesondere im Bereich KI und Cybersicherheitslösungen.
Positive
- Received $6 million capital injection through warrant exercise
- Implementing share buyback program
- Reports robust project backlog
- Strong presence in emerging markets
Negative
- Partial overhang still remains in shareholder base
- Warrant exercise could lead to dilution
Insights
The warrant exercise injecting
The warrant exercise and subsequent capital restructuring efforts address a critical market technical factor – the warrant overhang that has likely been pressuring GRRR’s stock. Warrant overhangs typically create selling pressure as holders may hedge their positions or exercise and sell shares. By proactively addressing this through strategic buybacks and engaging warrant holders, Gorilla is attempting to stabilize its trading dynamics. The
London, United Kingdom–(Newsfile Corp. – December 27, 2024) – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), is pleased to announce the removal of a partial but a critical overhang from its shareholder base, following the exercise of warrants by one of the holders, resulting in a fresh injection of capital of nearly
This pivotal milestone injects fresh cash into the Company’s reserves, Gorilla’s unwavering dedication to building a fortress-like balance sheet. Simultaneously, Gorilla is taking bold steps to engage with other investors to strategically acquire their shares, while aggressively advancing its share buyback programme to reshape and fortify its capital structure for long-term growth and stability. With a robust backlog of projects, strategic partnerships across key industries and a strong foothold in emerging markets, the Company is well-positioned for substantial growth.
Chairman and CEO Jay Chandan remarked, “A partial removal of this overhang and the fresh injection of capital further strengthen our position to execute on our growth plans. Our ongoing efforts to engage with the market and optimise our capital structure underscore the confidence we have in Gorilla’s future and its potential.”
Interim CFO Bruce Bower added, “These actions reflect our prudent financial management and proactive approach to managing our capital structure while maintaining the liquidity needed to support Gorilla’s strategic initiatives and long-term growth ambitions. Gorilla remains focused on delivering innovative solutions, driving value for stakeholders and leveraging its expertise in AI and cybersecurity to lead in high-growth markets.”
About Gorilla Technology Group Inc.
Headquartered in London U.K., Gorilla is a global solution provider in 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.
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” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about the capabilities of our GPU offering, our ability to deliver products at competitive prices, our ability to service our customers, the growth of the Smart City market, the capabilities of our third party vendors, our ability to attract the attention of customers and win additional projects, 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 May 15, 2024 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235299
FAQ
How much capital did Gorilla Technology (GRRR) raise through warrant exercises in December 2023?
Gorilla Technology raised nearly $6 million through the exercise of warrants by one of its holders.
What strategic actions is GRRR taking to strengthen its market position?
GRRR is implementing a share buyback program, engaging with investors for strategic share acquisitions, and managing its capital structure while maintaining liquidity for growth initiatives.
How will the warrant exercise impact GRRR’s balance sheet?
The warrant exercise provides GRRR with nearly $6 million in fresh capital, strengthening its balance sheet and supporting strategic initiatives.
What are Gorilla Technology’s main growth markets?
Gorilla Technology focuses on high-growth markets, particularly in AI and cybersecurity solutions, with a strong presence in emerging markets.