Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
07.07.25
Pillsbury advised Gorilla Technology Group Inc., a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, in connection with its $105 million equity capital raise.
The financing includes a $100 million commitment from a new fundamental institutional investor, alongside participation from a significant existing shareholder. The capital was raised through a registered direct offering of 6,000,000 ordinary shares (or pre-funded warrants in lieu thereof) at an offering price of $17.50 per share.
Net proceeds from the offering will be used to support Gorilla’s working capital requirements. These include establishing performance guarantees and bid bonds, setting aside statutory capital reserves in connection with project bids, funding previously announced acquisitions and addressing other general corporate purposes.
Titan Partners Group, a division of American Capital Partners, acted as the sole placement agent for the offering.
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The Pillsbury deal team was led by Corporate partner Stephen Ashley and included counsel Christopher Wing and associates Mackenzie Pantoja and Alexander Ntchobo, and Tax partner Nora Burke.