Gorilla Technology Group Inc. (GRRR) Form 6-K — Jun 5, 2026
Gorilla Technology Group Inc. closed a $107 million offering of 7.50% Senior Unsecured Convertible Notes due 2031, receiving net proceeds of approximately $102.4 million after deducting placement agent fees. The notes carry a 7.5% annual interest rate, payable semi-annually in cash or shares, and are convertible into ordinary shares at an initial price of approximately $25.48 per share. The company intends to use the proceeds to fund the equity portion of data center equipment purchases for a project with Yotta Data Services Private Limited, with remaining funds for general corporate purposes.
Key figures
- Debt Amount
- 107000000
- Interest Rate
- 7.5
- Maturity Date
- 2031-06-15
- Gross Proceeds
- 107000000
- Net Proceeds
- 102400000
- Conversion Rate
- 39.2425
- Conversion Price
- 25.4826
- Lockup Period Days
- 120
- Placement Fee Tier1
- 5.0%
- Placement Fee Tier2
- 3.5%
- Placement Fee Tier3
- 2.5%
AI analysis
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