Gorilla Technology Group

GRRR

Market cap $507M

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Gorilla Technology Group Inc. (NASDAQ:GRRR) shares are trading lower Wednesday after the company announced the pricing of its $107 million offering.

London, United Kingdom--(Newsfile Corp. - June 3, 2026) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced the pricing of $107 million aggregate principal amount of 7.50% Senior Unsecured Convertible Notes due 2031 (the "Bonds"). The financing is being led by Highbridge Capital Management LLC, a current institutional stakeholder in Gorilla.

Gorilla Technology Group Inc. (NASDAQ:GRRR) has closed an artificial intelligence infrastructure supply arrangement valued at approximately $2 billion in India with Super Micro Computer Inc (NASDAQ:SMCI), covering delivery of 20,736 B300 cards, 5,120 B200 cards, networking equipment and related infrastructure to support Gorilla's Yotta AI project. The San Jose- and London-headquartered company said the arrangement underpins deployments tied to large-scale AI data center and GPU programs in India, including hyperscale and sovereign AI initiatives.

- Gorilla successfully closes an AI infrastructure supply arrangement valued at approximately US$2 billion in India with Supermicro, designed to support Gorilla's Yotta project through the delivery of 20,736 B300 cards, 5,120 B200 cards, networking equipment & related infrastructure - Building on this momentum, both companies have entered into a strategic framework to jointly pursue multi-billion-dollar opportunities across India and Asia Pacific markets San Jose, California and London, United Kingdom--(Newsfile Corp. - June 2, 2026) - Gorilla Technology Group (NASDAQ: GRRR) ("Gorilla") today announced the successful closure of a landmark AI infrastructure deal in India with Super Micro Computer, Inc. ("Supermicro"), valued at approximately US$2 billion for 20,736 B300 cards, 5,120 B200 cards, networking equipment & related infrastructure, underscoring the scale, execution capability and commercial strength of the partnership that will empower Gorilla's Yotta AI infrastructure project in India. Executives from Gorilla Technology and Supermicro during a meeting in San Jose, California.

Gorilla Technology Group is aggressively scaling AI-focused data center capacity, targeting 100–150MW by year-end and 500MW by 2027. GRRR's Q1 2026 revenue surged 54.61% YoY to $28.2M, beating expectations by $2.22M and confirming strong execution of its growth strategy. The NeutraDC agreement, scaling from 5.5 MW to 18 MW by November 2026, exemplifies GRRR's broader expansion plans across Asia.

Gorilla Technology (GRRR) is pivoting from security intelligence to AI infrastructure, targeting large-scale data center and GPU deployments in India and Southeast Asia. Q1 results showed positive operating cash flow and revenue growth, despite headline losses driven by non-cash items and margin pressure. I value GRRR on 2027 revenue scenarios, with significant upside if revenue approaches $350M–$500M; current valuation does not fully reflect this potential.

Gorilla Technology Group Inc. (GRRR) Q1 2026 Earnings Call Transcript

Gorilla Technology Group NASDAQ: GRRR reported first-quarter revenue growth and positive operating cash flow while management sought to frame a large reported operating loss as primarily the result of stock-based compensation and foreign exchange impacts.