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UPDATE -- Gorilla on a Roll
GorillaGorilla(US:GRRR) GlobeNewswire News Roomยท2024-06-13 13:01

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].