Gorilla Technology Group Inc. (GRRR) Form 424B5 — Jun 5, 2026
Gorilla Technology Group Inc. (ticker: GRRR, CIK: 1903145) is offering $107 million in aggregate principal amount of 7.50% Senior Unsecured Convertible Notes due 2031. The notes carry an initial conversion price of approximately $25.48 per share, which is a premium to the recent closing price of $21.78, but include a reset floor of $6.00 and provisions for interest to be paid in shares at a 10% discount to market value. The company intends to use the net proceeds of approximately $102.6 million primarily to fund the equity portion of data center equipment purchases for a project with Yotta Data Services Private Limited.
Key figures
- Total Debt
- 15368121
- Debt Amount
- 107000000
- Cash Position
- 99532115
- Interest Rate
- 7.5
- Maturity Date
- 2031-06-15
- Gross Proceeds
- 107000000
- Offering Price
- 100
- Shares Offered
- 0
- Reset Floor
- 6
- Net Proceeds
- 102575000
- Conversion Rate
- 39.2425
- Conversion Price
- 25.4826
- Adjusted Total Debt
- 117450421
- Placement Agent Fees
- 4425000
- Adjusted Cash Position
- 201614415
Price after filing
Close on the filing date to close N calendar days later (from $19.03). Historical, not a forecast.
AI analysis
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