Gorilla Technology Group Shares Fall After Pricing $125M Debt Offering
Dow Jones07-15 22:15
Shares of Gorilla Technology Group fell after the company said its $125 million aggregate principal amount of 7.5% senior unsecured convertible notes, series B due 2031, priced.
The stock was down 15% to $14.26 in recent trading, but rose 32% since the start of the year.
The artificial intelligence and cybersecurity company said it intends to use the proceeds to fund advance payments required to secure committed data center capacity and purchase data center equipment for its NeutraDC Batam project in Indonesia.
Gorilla said the debt would mature on June 15, 2031.
Write to Grace Yoon at grace.yoon@wsj.com
(END) Dow Jones Newswires
July 15, 2026 10:15 ET (14:15 GMT)
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