Shares of Gorilla Technology Group Inc (NASDAQ:GRRR) are trading sharply lower Monday morning after the security and business intelligence solutions provider announced a $105 million registered direct offering.
What To Know: The offering is anchored by a $100 million investment from a single new institutional investor, with a large existing shareholder also increasing its position. Gorilla will issue 6 million ordinary shares at a price of $17.50 per share, a notable discount to its previous closing price.
