On July 15, 2026, Gorilla Technology Group Inc. entered into a securities purchase agreement for the private placement of $125 million in aggregate principal amount of 7.50% Senior Unsecured Convertible Notes, Series B due 2031. The notes are convertible into ordinary shares at an initial conversion rate of 39.2425 shares per $1,000 principal amount (approximately $25.4826 per share). The placement closed on July 17, 2026, with the company receiving net proceeds of approximately $120.1 million. Interest is payable semi-annually in cash or ordinary shares. The company also entered into a Registration Rights Agreement and Lock-Up Agreements with directors and executive officers. Gorilla Technology Group Inc. operates in the technology industry, providing AI-driven software and hardware solutions.
