Gorilla Technology Group Inc. expects to close a $125 million senior unsecured convertible bond offering on July 17, 2026. The 7.50% Series B notes mature in 2031. Institutional investors purchased the notes through a private placement.
The company will use net proceeds to finance the NeutraDC Batam data center project in Indonesia. This funding covers advance payments for data center capacity and the equity portion of equipment purchases.
The initial conversion price is approximately $25.48 per share. This represents a 52% premium over the stock's closing price on July 14, 2026.