Gorilla Technology Group Inc. (GRRR) Form 6-K — Oct 30, 2026
Gorilla Technology entered a securities purchase agreement on October 29, 2026 with an institutional investor for convertible notes of up to $111.1 million principal, funding up to $100 million, to finance advance payments and equipment purchases for its data center projects with Yotta Data Services. At the initial closing on October 30, 2026, the company issued a $27.775 million note for $25 million in funding (10% OID), receiving roughly $24.2 million net of a 3.0% commitment fee, plus warrants for 850,612 shares at $12.8995 and 1 million pre-delivery shares.
Key figures
- Debt Amount
- 111100000
- Net Proceeds
- 24200000
- Interest Rate
- 0
- Maturity Date
- 2027-10-29
- Gross Proceeds
- 100000000
- Offering Price
- 17.5308
- Shares Offered
- 850612
- Floor price
- 3.858
- Oid percent
- 10
- Warrant expiry
- 2031-10-29
- Default conversion
- 80% of 3 lowest daily VWAPs; 120% mandatory default amount
- Liquidated damages
- 2.0% of outstanding principal per 30 days
- Commitment fee percent
- 3
- Fixed conversion price
- 17.5308
- Warrant exercise price
- 12.8995
- Initial closing funding
- 25000000
- Conversion cap per month
- 6000000
- Authorized share increase
- 73,500,000 to 200,000,000
- Initial closing principal
- 27775000
- Remaining tranches funding
- 75000000
- Pre delivery shares initial
- 1000000
- Shares outstanding dec 2025
- 26188972
- Remaining tranches principal
- 83325000
- Alternative conversion discount
- 90% of 3 lowest daily VWAPs over 20 trading days
AI analysis
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