Gorilla Technology Announces Updated Share Count, Proceeds from Warrant Exercises, and Strengthened Market Position

Core Insights - Gorilla Technology Group Inc. has updated its share count and market capitalisation, reflecting strong investor confidence and financial position [1][4] Share Count and Warrant Exercises - As of January 3, 2025, Gorilla has 18,464,651 ordinary shares outstanding, which includes the full conversion of preference shares and the exercise of 2,663,750 Series A, B, and C warrants [2] - The company has raised over $15.7 million from the exercise of these warrants, enhancing its cash position [2] Market Capitalisation - Based on a closing market share price of $24.33 as of January 2, 2025, Gorilla's market capitalisation is approximately $449.2 million [3] Financial Position and Strategic Initiatives - The Chief Financial Officer highlighted that the recent milestones demonstrate strong investor confidence and will enable the company to accelerate strategic initiatives and deliver innovative solutions [4] - The company believes it is well-positioned for long-term success due to a solid balance sheet and continued momentum [4] Company Overview - Gorilla Technology Group Inc. is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, serving various sectors including Government, Manufacturing, Telecom, Retail, Transportation, Healthcare, and Education [5] - The company focuses on enhancing urban operations, security, and resilience through AI-driven technologies such as intelligent video surveillance and advanced cybersecurity [6]