Global SPAC Partners today filed a preliminary proxy outlining its proposed merger with Gorilla Technology Group.
The merged enterprise would have a pro forma value of $708 million. If approved, Gorilla Technology Group will list 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, less any 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.
