Gorilla Shares Fall on $107 Million Bond Offering

Dow Jones06-03 20:17

By Nicholas G. Miller

Shares of Gorilla Technology fell after the company said it would issue $107 million of 7.5% senior unsecured convertible notes due 2031.

The stock fell 20% to $17.48 in premarket trading. Through Tuesday's close, it was up 99% this year.

The initial conversion rate for the bonds will be 39.2425 ordinary shares per $1,000 of bonds, which is equivalent to an initial conversion price of approximately $25.48 a share, a 17% premium to the closing price on Tuesday.

The company will use the proceeds to fund the equity portion of the purchases of data center equipment deployment for its second project with Yotta Data Services.

In April, the two companies announced an expanded partnership to deploy an additional 20,736 Nvidia graphics processing unit cards in India.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

June 03, 2026 08:17 ET (12:17 GMT)

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Miller \n\n\n \n\n\n  Shares of Gorilla Technology fell after the company said it would issue $107 million of 7.5% senior unsecured convertible notes due 2031. \n\n\n  The stock fell 20% to $17.48 in premarket trading. Through Tuesday's close, it was up 99% this year. \n\n\n  The initial conversion rate for the bonds will be 39.2425 ordinary shares per $1,000 of bonds, which is equivalent to an initial conversion price of approximately $25.48 a share, a 17% premium to the closing price on Tuesday. \n\n\n  The company will use the proceeds to fund the equity portion of the purchases of data center equipment deployment for its second project with Yotta Data Services. \n\n\n   In April, the two companies announced an expanded partnership to deploy an additional 20,736 Nvidia graphics processing unit cards in India. \n\n\n \n\n\n  Write to Nicholas G. 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