What is the current buy/sell order situation for GRRR?
2/24/2025 01:17am
There are no current buy or sell orders for GRRR.
However, Gorilla Technology Group Inc. (GRRR) has recently announced a registered direct offering of securities, which could impact the company's stock price and trading activity. The company has entered into securities purchase agreements with existing institutional investors for the purchase and sale of 2,142,858 ordinary shares and warrants to purchase up to 2,142,858 ordinary shares, at a combined purchase price of $5.60 per ordinary share and accompanying warrant. The warrants will have an exercise price of $5.90 per share and will be immediately exercisable upon issuance, expiring 5 years from issuance. The gross proceeds to Gorilla from this offering are approximately $12 million. The company intends to use the net proceeds from the offering for working capital needs. The closing of the offering is expected to occur on or about June 10, 2024, subject to the satisfaction of customary closing conditions.