- The Business Combination will add cash, including funds from Global’s trust account and $41.9 million in PIPE subscriptions, to support Gorilla’s growth and internal expansion.
- Gorilla ordinary shares and warrants are expected to commence trading on The Nasdaq Capital Market under ticker symbols “GRRR” and “GRRRW,” respectively, on July 14, 2022.
Taipei, Taiwan and New York, NY, July 13, 2022 (GLOBE NEWSWIRE) — Gorilla Technology Group Inc. (“Gorilla”) (Nasdaq: “GRRR” for ordinary shares and “GRRRW” for warrants), a global leader in edge video analytic artificial intelligence, IoT technologies, and cybersecurity, and Global SPAC Partners Co., today announced the completion of their previously announced business combination (the “Business Combination”). The post-closing company is called Gorilla Technology Group Inc. and its ordinary shares and warrants are expected to begin trading on The Nasdaq Capital Market (“Nasdaq”) under the new ticker symbols “GRRR” and “GRRRW,” respectively, on July 14, 2022. The Business Combination was approved at an extraordinary general meeting of Gorilla’s shareholders and an extraordinary general meeting of Global’s shareholders on July 13, 2022, with holders of subunits redeeming 88.4% of the pre-merger outstanding subunits. Upon closing of the Business Combination, the previously-trading units, subunits and warrants of Global ceased to trade and the units and subunits were separated into their…
