Key Highlights: Share Repurchase Underway: To repurchase 1.1 million shares, closing in the next five business days.Unaudited H1 2024 financials expected by September 30, 2024.Holding Free cash reserves exceed $40 million; Current assets total over $58 million, including restricted capital; Real estate holdings valued at over $25 million LONDON, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla” or the “Company”) (NASDAQ: GRRR) is thrilled to announce an ambitious and strategic shar ...

Gorilla Announces Share Buyback of up to $6 Million as It Deems Shares to Be UndervaluedSeptember 12, 2024 8:00 AM EDT | Source: Gorilla Technology Group Inc.Key Highlights:Share Repurchase Underway: To repurchase 1.1 million shares, closing in the next five business days.Unaudited H1 2024 financials expected by September 30, 2024.Holding Free cash reserves exceed $40 million; Current assets total over $58 million, including restricted capital; Real estate holdings valued at over $25 millionLo ...

Gorilla Technology Secures Two Major Wins in Taiwan, Advancing Airport Security and National Law Enforcement CapabilitiesSeptember 03, 2024 8:00 AM EDT | Source: Gorilla Technology Group Inc.London, United Kingdom--(Newsfile Corp. - September 3, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today announced two significant project wins in Taiwan, further solidifying its role as a leader in AI-driven security and smart city solutions.The first project involve ...

London, United Kingdom--(Newsfile Corp. - August 26, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today released a letter to its shareholders. The letter is as follows: Dear Valued Shareholders,We are writing to share some important updates that underscore the strong progress and financial health of our ongoing project in the Middle East and North Africa (MENA) region. We have successfully made key deliverables and are thrilled to inform you that payments for these del ...

LONDON, July 15, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the “Company”), a global solutions provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced Keith Levy, former Head of Corporate Derivatives Trading for Bank of America, has joined Gorilla’s Board of Directors. "We are delighted to welcome Keith Levy to our Board of Directors. His vast experience and proven leadership in the financial sector will be i ...

LONDON, July 15, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ:GRRR) ("Gorilla" or the "Company"), a global solutions provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced Keith Levy, former Head of Corporate Derivatives Trading for Bank of America, has joined Gorilla's Board of Directors. "We are delighted to welcome Keith Levy to our Board of Directors. His vast experience and proven leadership in the financial sector will be in ...

LONDON, June 14, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. ("Gorilla" or the "Company") (NASDAQ:GRRR), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced that Chairman and CEO Jay Chandan will participate in a live Water Tower Research Fireside Chat Series on Thursday, June 20 at 11 am ET. This event is open access for all investors to participate. Topics will include: The company's recent project winsThe recentl ...

LONDON, June 14, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla” or the “Company”) (NASDAQ: GRRR), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced that Chairman and CEO Jay Chandan will participate in a live Water Tower Research Fireside Chat Series on Thursday, June 20 at 11 am ET. This event is open access for all investors to participate. Topics will include: The company’s recent project winsThe recent ...

Core Viewpoint - Gorilla Technology Group Inc. is addressing stockholder concerns regarding recent stock price declines while highlighting significant project achievements and ongoing strategic initiatives in the AI and cybersecurity sectors [1][2][4]. Group 1: Recent Achievements - The company has secured three major projects in Taiwan, focusing on Roaming Lawful Interception solutions, Smart Port solutions, and Criminal Investigation systems, reinforcing its leadership in the AI and cybersecurity industry [1]. - Gorilla has filed a Form 6-K detailing an offering of ordinary shares for approximately $12.0 million, aimed at funding ambitious projects in Taiwan and Egypt [3]. Group 2: Financial Strategy - The recent capital raise is described as a strategic move to strengthen the company's financial foundation and support ongoing innovation and growth [2]. - The company is engaged in negotiations for several transformative contracts, emphasizing the need for a solid financial base to realize these opportunities [4]. Group 3: Market Communication - The company has refuted false claims regarding a $300 million securities offering, labeling it as misinformation intended to harm its reputation [4]. - Gorilla has reported instances of phishing attempts targeting its customers and partners, indicating potential market manipulation against the company [5]. Group 4: Commitment to Stakeholders - The company expresses a strong commitment to enhancing shareholder value and urges patience from investors during this challenging period [6][7]. - The CEO emphasizes the collective strength and dedication of the team, framing challenges as opportunities for growth and resilience [5].

Core Insights - Gorilla Technology Group Inc. has recently secured three significant projects in Taiwan, focusing on Roaming Lawful Interception solutions, Smart Port solutions, and Criminal Investigation systems, highlighting its leadership in the AI and cybersecurity industry [1] - The company raised approximately $12.0 million through a Form 6-K filing to support ambitious projects in Taiwan and Egypt, emphasizing the importance of these funds for future milestones [3] - Gorilla Technology is actively negotiating several material contracts that are expected to be transformative, indicating a strategic focus on building a solid financial foundation for future growth [4] Company Positioning - The company positions itself as a collective of passionate individuals dedicated to innovation in the AI and cybersecurity sectors, despite recent stock price fluctuations [2] - Gorilla Technology emphasizes its commitment to transparency and resilience, asserting that it will not be derailed by market reactions to its financial performance [4] - The company aims to enhance shareholder value and is dedicated to driving long-term success for all stakeholders [5] Vision and Strategy - Gorilla Technology envisions a connected future through innovative technologies, with a focus on sectors such as Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education [7] - The company is committed to investing in both its projects and its people to ensure continued advancement and innovation [4] - The overarching vision is to empower a connected tomorrow, enriching lives and industries through transformative technologies [7]