Global SPAC Partners Merging with Gorilla Technology in $708M Deal

Gorilla Technology Group and Global SPAC Partners announced a business combination agreement that values the merged enterprise at a pro forma value of $708 million. If approved, Gorilla Technology Group will listed on the Nasdaq under GRRR.

The transaction is expected to deliver up to $169 million of gross proceeds from cash held in Global’s trust account, subject to redemptions. The merger closing is conditioned upon Global having at least $50 million in gross cash proceeds at closing from either its trust account or other sources.

Based in Taiwan, Gorilla Technology is engaged in Edge AI security applications. Read more.

Related Posts