Titan Partners Group LLC, a division of American Capital Partners, has announced its role as the sole placement agent in a $105 million registered direct offering for Gorilla Technology Group Inc. (NASDAQ: GRRR). The offering includes 6 million ordinary shares or pre-funded warrants priced at $17.50 per share, with participation from a new fundamental institutional investor and a large existing shareholder. Gorilla Technology plans to use the proceeds for working capital, performance guarantees, statutory reserves, previously announced acquisitions, and other corporate purposes. The transaction is expected to close around July 2, 2025, subject to standard closing conditions.
This financial move highlights the confidence of institutional investors in Gorilla Technology's growth trajectory and strategic initiatives. The involvement of Titan Partners Group LLC underscores its capability in facilitating significant capital raises for emerging growth companies. For more information on the offering, refer to the official press release available here.
