Core Viewpoint - Gorilla Technology Group Inc. is addressing recent allegations of fraud and market manipulation, asserting that these claims lack credibility due to the individuals involved facing multiple charges from regulatory authorities [2] Company Actions - The Board of Directors believes the company's shares are deeply undervalued due to recent short selling and plans to utilize remaining funds from a previously announced share buyback program after the release of its 2024 earnings statement if the share price does not reflect the company's intrinsic value [3] - A significant portion of the Board and the entire executive management team intends to acquire shares following the earnings release, demonstrating their confidence in the company's vision and momentum [4] Company Overview - Gorilla Technology Group Inc. is headquartered in London, U.K., and operates as a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [4] - The company offers a wide range of solutions across various sectors, including Smart City, Network, Video, Security Convergence, and IoT, utilizing AI and Deep Learning Technologies [4][5] - The company's expertise focuses on enhancing urban operations, security, and resilience through AI-driven technologies such as intelligent video surveillance, facial recognition, and advanced cybersecurity [5]
Gorilla Technology Dismisses Misinformation, Confirms Intention to Acquire Shares by Company and Insiders