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.
