Gorilla Technology Group Inc (GRRR)

Gorilla Technology Group Stock (GRRR) dropped by 18.3% from $1.42 to $1.16 in the trading on Wednesday September 20, 2023. The reasons why GRRR stock down today is due to the announcement of bond offering. Gorilla (GRRR) has successfully executed a registered direct offering of 25,000 Series A convertible preferred shares, raising approximately $25 million in gross proceeds. The offering, priced at $1,000 per share, will provide Gorilla with much-needed working capital to fuel its growth initiatives.

Shares of Gorilla Technology Group Inc. (GRRR) dropped by 14.35% from $2.16 to $1.85 in the trading on Tuesday, April 25, 2023. The reason why GRRR is down today is due to a resale registration statement on Form F-1 that became effective on March 30, 2023. The statement clarified that it wasn't for issuing new shares, and it wouldn't dilute existing shareholders unless outstanding options or warrants were exercised. The company had 68,629,774 ordinary shares outstanding at the time of filing, and the registration was primarily related to ordinary shares underlying contingent value rights (CVRs). Any potential issuance of shares to CVR holders would be offset by the forfeiture and cancellation of Earnout Shares.

Gorilla Technology Group Stock (GRRR) dropped by 26.3% from $3.99 to $2.94 in the trading on Tuesday April 04, 2023. The reasons why GRRR stock down today is due to the Q4 earnings results. Gorilla Tech's recent strategic pivot has resulted in significant financial setbacks, with revenue plummeting to $22 million from $42 million in 2022 and net losses soaring to $88 million from $9 million a year ago. CEO Jay Chandan acknowledged the challenges faced during this transition but expressed confidence in the company's long-term prospects.

Shares of Gorilla Technology Group Inc. (GRRR) dropped by 26.32% from $3.99 to $2.94 in the trading on Tuesday, April 4, 2023. The reason why GRRR is down today is due to the company's earnings results for the full year ended December 31, 2022. Gorilla Technology Group reported a significant decrease in sales, with revenue dropping to $22.41 million compared to $42.24 million in the previous year. Additionally, the company reported a substantial net loss of $87.54 million, a significant increase from a net loss of $8.55 million in the prior year. The negative financial performance likely led to the sharp drop in GRRR shares as investors reacted to the disappointing results.

Shares of Gorilla Technology Group Inc. (GRRR) dropped by 59.29% from $11.79 to $4.80 in the trading on Friday, March 31, 2023. The reason why GRRR is down today is due to the upcoming release of the company's full-year 2022 financial results. The announcement stated that the financial results would be released after the U.S. financial markets closed on April 4, 2023, and a conference call would be held on April 5, 2023, at 8:00 a.m. Eastern Time to discuss the results and financial guidance. Investors may have reacted negatively to the news, possibly anticipating disappointing financial results or other factors that could lead to a decline in the stock's value. The uncertainty surrounding the announcement likely contributed to the significant drop in the stock price.