New York NY, July 08, 2022 (GLOBE NEWSWIRE) — Global SPAC Partners Co. (“Global”) (Nasdaq: “GLSPU” for units, “GLSPT” for subunits and “GLSPW” for warrants) announces the confirmation of a $41.9 million PIPE financing.
Pursuant to the Amended PIPE Subscription Agreement (as further described below) in connection with the proposed business combination between Global and Gorilla Technology Group Inc. (“Gorilla”), on July 7, 2022, the PIPE Investors (as defined below) confirmed to Global their commitment to purchase 4.15 million PIPE subunits, at a price of $10.10 per subunit (the “PIPE subunits”), for a total investment amount of $41.9 million. Furthermore, Gorilla notified Global that it would waive the $50 million minimum cash condition to close the Transactions, such that the condition would be fulfilled with minimum cash of $41.9 million, the amount of total investment committed by the PIPE Investors.
As previously announced, Gorilla has filed with the U.S. Securities Exchange Commission (the “SEC”) a definitive merger proxy statement (the “Merger Proxy Statement”), to hold an extraordinary general meeting of its shareholders on July 13, 2022 at 11:00 am Eastern Time (the “Special Meeting”), to consummate the initial business combination with Gorilla. Global’s shareholders and other interested persons are advised to read the Merger Proxy Statement. Shareholders are able to obtain copies of the Merger Proxy…
