Gorilla Technology Group (GRRR) Completes Preferred Share Conversion

Gorilla Technology Group Inc. (NASDAQ: GRRR) today announced the successful completion of the conversion of its preferred shares, marking a pivotal moment in the company's capital structure. This milestone effectively eliminates any overhang associated with the preferred shares, providing clarity and a strengthened foundation for future growth.

The completion of the conversion's underscores confidence in Gorilla's long-term potential and removes any lingering dilution concerns, benefiting all shareholders. With no further preferred share overhang, Gorilla is now better positioned to execute on its ambitious growth plans while focusing on building long-term value.

Positioned for Strategic, Non-Dilutive Growth

The company reaffirms its commitment to pursuing non-dilutive funding options for working capital, particularly for its large-scale, high-impact projects. With a stronger and clearer capital structure, Gorilla is prioritising cash flow generation and strategic capital deployment to accelerate growth while safeguarding shareholder value.

As part of its broader strategy, Gorilla is also focused on optimising capital through the release of cash from real estate and other assets, enabling the company to redeploy resources toward high-value opportunities.

Shareholder Value Creation

Gorilla's leadership continues to believe the company's shares are significantly undervalued relative to its strong pipeline and market potential. The active share repurchase programme remains a key component of Gorilla's commitment to enhancing shareholder value.

Jay Chandan, Chairman & CEO of Gorilla Technology, commented: "The completion of our preferred share conversions marks the end of a necessary phase in our journey and removes any perceived overhang in the market. This milestone clears the path for a stronger, more transparent capital structure as we continue to execute on our growth strategy. Our focus remains on building long-term value, pursuing non-dilutive funding and leveraging our repurchase programme to reflect our confidence in Gorilla's future."

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