Gorilla Technology Announces Completion of Preferred Share Conversion, Eliminating Overhang and Strengthening Capital Position
Gorilla Technology Group (NASDAQ: GRRR) has announced the successful completion of its preferred share conversion, marking a significant transformation in its capital structure. The conversion eliminates market overhang and strengthens the company's financial position. The company is committed to pursuing non-dilutive funding options for working capital and large-scale projects.
The company plans to optimize capital through the release of cash from real estate and other assets, enabling resource redeployment toward high-value opportunities. Gorilla maintains an active share repurchase program, reflecting management's belief that shares are significantly undervalued relative to the company's pipeline and market potential.
Gorilla Technology Group (NASDAQ: GRRR) ha annunciato il completamento con successo della conversione delle proprie azioni preferenziali, segnando una trasformazione significativa nella sua struttura del capitale. La conversione elimina l'eccedenza del mercato e rafforza la posizione finanziaria dell'azienda. L'azienda è impegnata a perseguire opzioni di finanziamento non dilutive per il capitale circolante e progetti su larga scala.
L'azienda prevede di ottimizzare il capitale attraverso la liberazione di liquidità da beni immobili e altri attivi, permettendo un riassegnamento delle risorse verso opportunità di alto valore. Gorilla mantiene un programma attivo di riacquisto di azioni, che riflette la convinzione della direzione che le azioni siano significativamente sottovalutate rispetto al pipeline dell'azienda e al potenziale di mercato.
Gorilla Technology Group (NASDAQ: GRRR) ha anunciado la finalización exitosa de la conversión de sus acciones preferentes, marcando una transformación significativa en su estructura de capital. La conversión elimina el excedente de mercado y refuerza la posición financiera de la empresa. La compañía está comprometida a buscar opciones de financiación no dilutivas para el capital de trabajo y proyectos a gran escala.
La empresa planea optimizar el capital a través de la liberación de efectivo de bienes raíces y otros activos, lo que permite la reatribución de recursos hacia oportunidades de alto valor. Gorilla mantiene un programa activo de recompra de acciones, lo que refleja la creencia de la dirección de que las acciones están significativamente subvaluadas en relación con la cartera de la empresa y el potencial del mercado.
고릴라 테크놀로지 그룹 (NASDAQ: GRRR)은 자사의 우선주 전환이 성공적으로 완료되었음을 발표하며 자본 구조의 중요한 변화를 기념했습니다. 이 전환은 시장 초과 물량을 제거하고 회사의 재무 상태를 강화합니다. 회사는 운전 자본 및 대규모 프로젝트를 위한 비희석 자금 조달 옵션을 추구하는 데 전념하고 있습니다.
회사는 부동산 및 기타 자산에서 현금을 해방하여 자본을 최적화하고 높은 가치의 기회로 자원을 재배치할 계획입니다. 고릴라는 회사의 파이프라인과 시장 잠재력에 비해 주식이 상당히 저평가되어 있다고 믿는 경영진의 신념을 반영하여 주식 재매입 프로그램을 적극적으로 유지하고 있습니다.
Gorilla Technology Group (NASDAQ: GRRR) a annoncé l'achèvement réussi de la conversion de ses actions privilégiées, marquant une transformation significative de sa structure de capital. Cette conversion élimine les surcharges du marché et renforce la position financière de l'entreprise. L'entreprise s'engage à rechercher des options de financement non dilutives pour le fonds de roulement et les projets à grande échelle.
L'entreprise prévoit d'optimiser le capital grâce à la libération de liquidités provenant de biens immobiliers et d'autres actifs, permettant une réaffectation des ressources vers des opportunités de grande valeur. Gorilla maintient un programme actif de rachat d'actions, ce qui reflète la croyance de la direction que les actions sont considérablement sous-évaluées par rapport au pipeline de l'entreprise et au potentiel du marché.
Gorilla Technology Group (NASDAQ: GRRR) hat den erfolgreichen Abschluss der Umwandlung ihrer Vorzugsaktien bekannt gegeben, was eine bedeutende Veränderung in ihrer Kapitalstruktur markiert. Die Umwandlung beseitigt den Marktüberhang und stärkt die finanzielle Position des Unternehmens. Das Unternehmen hat sich verpflichtet, nicht verwässernde Finanzierungsmöglichkeiten für das Betriebsvermögen und große Projekte zu verfolgen.
Das Unternehmen plant, das Kapital durch die Freisetzung von Bargeld aus Immobilien und anderen Vermögenswerten zu optimieren, was eine Neubewertung der Ressourcen in Richtung hochwertiger Chancen ermöglicht. Gorilla führt ein aktives Aktienrückkaufprogramm, das den Glauben des Managements widerspiegelt, dass die Aktien im Vergleich zur Pipeline des Unternehmens und dem Marktpotenzial erheblich unterbewertet sind.
- Completion of preferred share conversion eliminates dilution concerns
- Active share repurchase program in place
- Strategy to release cash from real estate and other assets
- Focus on non-dilutive funding options for growth
- None.
Insights
London, United Kingdom--(Newsfile Corp. - December 18, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today announced the successful completion of the conversion of its preferred shares, marking a pivotal moment in the company's capital structure. This milestone effectively eliminates any overhang associated with the preferred shares, providing clarity and a strengthened foundation for future growth.
The completion of the conversion's underscores confidence in Gorilla's long-term potential and removes any lingering dilution concerns, benefiting all shareholders. With no further preferred share overhang, Gorilla is now better positioned to execute on its ambitious growth plans while focusing on building long-term value.
Positioned for Strategic, Non-Dilutive Growth
The company reaffirms its commitment to pursuing non-dilutive funding options for working capital, particularly for its large-scale, high-impact projects. With a stronger and clearer capital structure, Gorilla is prioritising cash flow generation and strategic capital deployment to accelerate growth while safeguarding shareholder value.
As part of its broader strategy, Gorilla is also focused on optimising capital through the release of cash from real estate and other assets, enabling the company to redeploy resources toward high-value opportunities.
Shareholder Value Creation
Gorilla's leadership continues to believe the company's shares are significantly undervalued relative to its strong pipeline and market potential. The active share repurchase programme remains a key component of Gorilla's commitment to enhancing shareholder value.
Jay Chandan, Chairman & CEO of Gorilla Technology, commented: "The completion of our preferred share conversions marks the end of a necessary phase in our journey and removes any perceived overhang in the market. This milestone clears the path for a stronger, more transparent capital structure as we continue to execute on our growth strategy. Our focus remains on building long-term value, pursuing non-dilutive funding and leveraging our repurchase programme to reflect our confidence in Gorilla's future."
About Gorilla Technology Group Inc.
Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.
Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.
For more information, please visit our website: Gorilla-Technology.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about the capabilities of our GPU offering, our ability to deliver products at competitive prices, our ability to service our customers, the growth of the Smart City market, the capabilities of our third party vendors, our ability to attract the attention of customers and win additional projects, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on May 15, 2024 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234289
FAQ
What impact does the preferred share conversion have on GRRR shareholders?
How is GRRR planning to fund its future growth initiatives?
What is GRRR's strategy for enhancing shareholder value?
How will GRRR optimize its capital structure following the preferred share conversion?
