London, United Kingdom--(Newsfile Corp. - July 15, 2026) - Gorilla Technology Group Inc. (NASDAQ:GRRR) (&#34;Gorilla&#34; or the &#34;Company&#34;), a global solution provider in Security Intelligence, Network

<p>London, United Kingdom--(Newsfile Corp. - July 15, 2026) - Gorilla Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GRRR">GRRR</a>) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centers, today announced the pricing of $125 million aggregate principal amount of 7.50% Senior Unsecured Convertible Notes, Series B due 2031 (the "Bonds"). </p><p>The Bonds are being sold in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, to institutional investors, and the offering is expected to close on or about July 17, 2026, subject to customary closing conditions. Additional details regarding the private placement will be disclosed in a Form 6-K to be filed by the Company with the Securities and Exchange Commission.</p><p>When issued, the Bonds will be senior unsecured obligations of the Company, will be issued at 100% of their principal amount, will accrue interest payable semi-annually in arrears at a rate of 7.50% per annum, and will mature on June 15, 2031, unless earlier converted, redeemed or repurchased in accordance with their terms. Interest will be payable in cash or, at the Company's election and subject to certain conditions, ordinary shares of the Company.</p><p>The initial conversion rate for the Bonds will be 39.2425 ordinary shares per $1,000 principal amount of Bonds, which is equivalent to an initial conversion price of approximately $25.4826 per ordinary share, and will be subject to adjustment upon the occurrence of certain events. The initial conversion price represents a conversion premium of approximately 52% over the closing price of $16.77 per ordinary share of the Company on July 14, 2026. The conversion price is subject to two reset mechanisms: one, a downward reset with a floor of $8.00 per ordinary share; the second, an upward reset with a cap of $31.85325 per ordinary share, representing a premium of 90% per ordinary share over such closing price.</p><p>The Company intends to use the net proceeds from the offering to fund advance payments required to secure committed data center capacity and commence the equity portion of purchases of data center equipment for deployment pursuant to the Company's NeutraDC Batam project in Indonesia, announced on June 23, 2026, with any remaining proceeds to be used for general corporate purposes.</p><p>The securities described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Company has agreed to file a resale registration statement on Form F-3 with the SEC to register the resale of the Bonds and the ordinary shares issuable upon conversion of the Bonds described above. </p><p>This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. </p><p><b>About Gorilla Technology Group Inc.</b></p><p>Headquartered in London, U.K., Gorilla Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GRRR">GRRR</a>) is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. Gorilla provides a wide range of solutions, including Smart City, Network, Video, Security Convergence, IoT and AI infrastructure solutions across select verticals, including government &#38; public services, manufacturing, telecom, retail, transportation &#38; logistics, healthcare and education, using AI and deep learning technologies. </p><p>For more information, visit <u><a href="https://api.newsfilecorp.com/redirect/oPbanFvgLW"><u>https://www.gorilla-technology.com</u></a>/</u>.</p><p><b>Forward-Looking Statements</b></p><p>This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements.</p><p>These forward-looking statements include, without limitation, statements regarding the completion of the offering, the expected timing of the closing of the offering, the intended use of proceeds from the offering, the terms of the Bonds, the Company's ability to fund purchases of data center equipment and related business initiatives, and the potential benefits of such purchases, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 15, 2026 and those that are included in any of Gorilla's future filings with the SEC.</p><p>These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements.</p><p>Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.</p><div id="contactInfo"><p><b>Investor Relations Contact</b></p><p>Dave Gentry<br />RedChip Companies, Inc. for Gorilla Technology<br />1-407-644-4256<br /><u><a href="mailto:GRRR@redchip.com">GRRR@redchip.com</a></u></p></div><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/10783/305251_e138ecc114157b02_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/OApqZi3oEY">https://www.newsfilecorp.com/release/305251</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/305251/197" alt="" /></p>

GRRR

Gorilla Technology Group Inc. Announces Pricing of $125 Million Senior Unsecured Convertible Bond Offering to Commence NeutraDC Batam Project in Indonesia

Gorilla Technology prices $125M convertible notes to fund data center expansion

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>London, United Kingdom--(Newsfile Corp. - July 15, 2026) - Gorilla Technology Group Inc. (NASDAQ:GRRR) (&amp;#34;Gorilla&amp;#34; or the &amp;#34;Company&amp;#34;), a global solution provider in Security Intelligence, Network</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>GRRR priced $125M of 7.50% Series B convertible notes due 2031 in a private placement, with closing around July 17, 2026. The initial conversion price is about $25.48, with a floor of $8 and a cap of $31.85, creating dilution risk if the stock trades higher. Proceeds fund the Indonesia NeutraDC Batam project and data-center capacity, with remaining for general corporate use.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Gorilla priced $125M Series B 7.50% convertible notes due 2031.</li><li>Notes sold in private placement; closing expected around July 17, 2026.</li><li>Initial conversion rate: 39.2425 shares per $1,000; approx $25.48.</li><li>Floor $8.00, cap $31.85325; premium features context: 52% over close, 90% upside cap.</li><li>Proceeds fund data center capacity and the NeutraDC Batam project in Indonesia.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Gorilla Technology Group Inc. (GRRR)</strong>: Issuer of the convertible notes; funding activity may dilute equity and affect valuation.</li><li><strong>NeutraDC Batam project (N/A)</strong>: Indonesia data-center expansion funded by the notes; potential operational and revenue impact if executed.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article describes a financing event (convertible debt issuance) that affects Gorilla&#039;s capital structure and future dilution risk, rather than an operating update or earnings signal. It is a corporate financing maneuver with potential long-term implications for equity value.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Convertible notes may dilute share count upon conversion; near-term impact uncertain.</li><li>Proceeds earmarked for data-center capacity and NeutraDC Batam project in Indonesia.</li><li>Private placement close date targeted around July 17, 2026; potential short-term price moves.</li><li>Conversion price has floor and cap, limiting extreme dilution or upside.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>$125 million aggregate principal amount of Series B 7.50% Senior Unsecured Convertible Notes due 2031.</li><li>Private placement under Section 4(a)(2) of the Securities Act; expected close around July 17, 2026.</li><li>Interest rate 7.50% per annum, semi-annual; maturity June 15, 2031.</li><li>Initial conversion rate: 39.2425 shares per $1,000 principal; implied price ~ $25.4826 per share.</li><li>Conversion price premium ~52% over the July 14, 2026 close of $16.77.</li><li>Floor $8.00, cap $31.85325; downward and upward reset mechanisms; 90% premium cap noted.</li><li>Proceeds to fund advance payments for data center capacity and equity portion of Batam project in Indonesia.</li><li>Form F-3 resale registration planned for bonds and shares issuable on conversion.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral on GRRR near term due to dilution risk, with potential upside if Batam expansion accelerates cash flows within 12–24 months.</p>
  </section>
</section>


<p>London, United Kingdom--(Newsfile Corp. - July 15, 2026) - Gorilla Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GRRR">GRRR</a>) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centers, today announced the pricing of $125 million aggregate principal amount of 7.50% Senior Unsecured Convertible Notes, Series B due 2031 (the "Bonds"). </p><p>The Bonds are being sold in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, to institutional investors, and the offering is expected to close on or about July 17, 2026, subject to customary closing conditions. Additional details regarding the private placement will be disclosed in a Form 6-K to be filed by the Company with the Securities and Exchange Commission.</p><p>When issued, the Bonds will be senior unsecured obligations of the Company, will be issued at 100% of their principal amount, will accrue interest payable semi-annually in arrears at a rate of 7.50% per annum, and will mature on June 15, 2031, unless earlier converted, redeemed or repurchased in accordance with their terms. Interest will be payable in cash or, at the Company's election and subject to certain conditions, ordinary shares of the Company.</p><p>The initial conversion rate for the Bonds will be 39.2425 ordinary shares per $1,000 principal amount of Bonds, which is equivalent to an initial conversion price of approximately $25.4826 per ordinary share, and will be subject to adjustment upon the occurrence of certain events. The initial conversion price represents a conversion premium of approximately 52% over the closing price of $16.77 per ordinary share of the Company on July 14, 2026. The conversion price is subject to two reset mechanisms: one, a downward reset with a floor of $8.00 per ordinary share; the second, an upward reset with a cap of $31.85325 per ordinary share, representing a premium of 90% per ordinary share over such closing price.</p><p>The Company intends to use the net proceeds from the offering to fund advance payments required to secure committed data center capacity and commence the equity portion of purchases of data center equipment for deployment pursuant to the Company's NeutraDC Batam project in Indonesia, announced on June 23, 2026, with any remaining proceeds to be used for general corporate purposes.</p><p>The securities described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Company has agreed to file a resale registration statement on Form F-3 with the SEC to register the resale of the Bonds and the ordinary shares issuable upon conversion of the Bonds described above. </p><p>This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. </p><p><b>About Gorilla Technology Group Inc.</b></p><p>Headquartered in London, U.K., Gorilla Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GRRR">GRRR</a>) is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. Gorilla provides a wide range of solutions, including Smart City, Network, Video, Security Convergence, IoT and AI infrastructure solutions across select verticals, including government &#38; public services, manufacturing, telecom, retail, transportation &#38; logistics, healthcare and education, using AI and deep learning technologies. </p><p>For more information, visit <u><a href="https://api.newsfilecorp.com/redirect/oPbanFvgLW"><u>https://www.gorilla-technology.com</u></a>/</u>.</p><p><b>Forward-Looking Statements</b></p><p>This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements.</p><p>These forward-looking statements include, without limitation, statements regarding the completion of the offering, the expected timing of the closing of the offering, the intended use of proceeds from the offering, the terms of the Bonds, the Company's ability to fund purchases of data center equipment and related business initiatives, and the potential benefits of such purchases, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 15, 2026 and those that are included in any of Gorilla's future filings with the SEC.</p><p>These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements.</p><p>Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.</p><div id="contactInfo"><p><b>Investor Relations Contact</b></p><p>Dave Gentry<br />RedChip Companies, Inc. for Gorilla Technology<br />1-407-644-4256<br /><u><a href="mailto:GRRR@redchip.com">GRRR@redchip.com</a></u></p></div><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/10783/305251_e138ecc114157b02_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/OApqZi3oEY">https://www.newsfilecorp.com/release/305251</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/305251/197" alt="" /></p>

GRRR priced $125M of 7.50% Series B convertible notes due 2031 in a private placement, with closing around July 17, 2026. The initial conversion price is about $25.48, with a floor of $8 and a cap of $31.85, creating dilution risk if the stock trades higher. Proceeds fund the Indonesia NeutraDC Batam project and data-center capacity, with remaining for general corporate use.

gorilla-technology-group-inc-announces-pricing-of-125-million-senior-unsecured-convertible-bond-offering-to-commence-neutradc-batam-project-in-indonesia

Gorilla Technology Group Inc. Announces Pricing of $125 Million Senior Unsecured Convertible Bond Offering to Commence NeutraDC Batam Project in Indonesia

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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