Core Insights - Gorilla Technology Group Inc. (GRRR) announced a $105 million direct offering of common stock, including a $100 million investment from a new institutional investor [1][2] - The company will sell 6 million shares at $17.50 per share, which is a significant discount from its previous closing price of $22.38 [4][8] - The fresh capital will enhance Gorilla's ability to pursue large-scale projects and fund previously announced acquisitions [2][5] Funding and Acquisitions - The funding will support acquisitions, bid bonds, and growth in AI and smart city technologies [8] - Gorilla Technology agreed to acquire two Thai tech firms, CNS and its subsidiary CANS, to gain access to their AI platforms and customer base in Thailand [3][8] Market Position and Performance - Gorilla Technology's shares have gained 10.1% year to date, outperforming the broader industry [7] - The company trades at a forward price-to-sales ratio of 3.25X, above the industry average of 2.86X, with a Zacks Consensus Estimate for 2025 earnings implying a 115.8% improvement year over year [9]