Gorilla Prices $12M Registered Direct Offering Of With Existing Institutional Investors For The Purchase And Sale Of 2,142,858 Ordinary Shares And Warrants At A Combined Price Of $5.60
Portfolio Pulse from Benzinga Newsdesk
Gorilla Technology Group Inc. (NASDAQ: GRRR) announced a $12 million registered direct offering with existing institutional investors, involving the sale of 2,142,858 ordinary shares and warrants at a combined price of $5.60 per share. The proceeds will be used for working capital needs.
June 07, 2024 | 12:11 pm
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Gorilla Technology Group Inc. (NASDAQ: GRRR) has announced a $12 million registered direct offering involving the sale of 2,142,858 ordinary shares and warrants at a combined price of $5.60 per share. The proceeds will be used for working capital needs.
The direct offering will provide Gorilla with $12 million in gross proceeds, which will be used for working capital needs. This influx of capital is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
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