Gorilla Technology Group Inc. entered into a securities purchase agreement to issue up to $111.1 million in aggregate principal amount of senior convertible promissory notes for total funding of up to $100 million, accompanied by warrants and pre-delivery shares. At the initial closing on October 30, 2026, the company issued notes with a principal amount of $27.775 million for a net funding amount of approximately $24.2 million after fees. The notes mature on October 29, 2027, bear no interest, and are convertible at a fixed price of $17.53 per share or an alternative VWAP-based price subject to a floor of $3.858. Warrants allow purchase of shares at $12.8995 until October 2031. Proceeds will fund data center capacity and equipment purchases for the company's previously announced projects.
