Gorilla Technology signs convertible note financing agreement for up to USD 100 million
GRRR•Gorilla Technology Group agreed to financing of up to USD 100 million, comprising senior convertible notes with aggregate principal of up to USD 111.1 million and a 3% commitment fee at each closing. An initial USD 25 million is scheduled within 10 business days, subject to closing conditions; up to USD 75 million in additional funding requires mutual consent.
1. Financing terms
Gorilla Technology Group entered into a securities purchase agreement on October 29, 2026, with a Delaware limited partnership for funding of up to USD 100 million. The financing includes senior convertible promissory notes with aggregate principal of up to USD 111.1 million, with a 3% commitment fee at each closing. Initial funding of USD 25 million is scheduled within 10 business days of execution, subject to closing conditions. Additional funding of up to USD 75 million requires mutual consent, with standard tranches of USD 10 million. The financing also includes Series D Ordinary Share purchase warrants and up to USD 40 million worth of pre-delivery shares.
