--- title: "Gorilla Technology Stock in the Spotlight After Pricing $125 Million Convertible Bond Offering" type: "News" locale: "en" url: "https://longbridge.com/en/news/292908795.md" description: "Gorilla Technology Group priced a $125 million senior unsecured convertible bond offering to fund its NeutraDC Batam data center project in Indonesia. The 7.50% notes, due 2031, carry an initial conversion price of approximately $25.48 per share, representing a 52% premium over the July 14 closing price. Proceeds will primarily cover advance payments for data center capacity and equipment, with remaining funds for general corporate purposes." datetime: "2026-07-16T12:43:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292908795.md) - [en](https://longbridge.com/en/news/292908795.md) - [zh-HK](https://longbridge.com/zh-HK/news/292908795.md) generator: "portal-rs" --- # Gorilla Technology Stock in the Spotlight After Pricing $125 Million Convertible Bond Offering **Gorilla Technology Group Inc.** (NASDAQ:GRRR) is in the spotlight Thursday after the company announced on Wednesday the pricing of a $125 million senior unsecured convertible bond offering to fund its NeutraDC Batam data center project in Indonesia. ## **Gorilla Prices $125M Convertible Notes** Gorilla priced $125 million in aggregate principal amount of 7.50% Senior Unsecured Convertible Notes, Series B, due 2031. The bonds are being sold in a private placement to institutional investors, with the offering expected to close on or about July 17, subject to customary closing conditions. The notes will accrue interest payable semi-annually at 7.50% per annum and mature on June 15, 2031, unless earlier converted, redeemed, or repurchased. The initial conversion rate is 39.2425 ordinary shares per $1,000 principal amount of bonds, equivalent to a conversion price of approximately $25.48 per share — a premium of roughly 52% over Gorilla’s July 14 closing price of $16.77. The conversion price includes two reset mechanisms: a downward reset with a floor of $8.00 per share, and an upward reset with a cap of $31.85, representing a 90% premium over the July 14 closing price. ## **Gorilla Funds NeutraDC Batam Project** Gorilla intends to use the net proceeds to fund advance payments for committed data center capacity and the equity portion of data center equipment purchases tied to its NeutraDC Batam project in Indonesia, announced on June 23. Any remaining proceeds will be used for general corporate purposes. **Read Also: Stock Market Today: S&P 500, Nasdaq 100 Futures Fall As Trump Says Iran Wants To Negotiate—AtaiBeckley, J B Hunt, AST SpaceMobile in Focus** ## Gorilla Shares Edge Lower **GRRR Price Action:** At the time of publication, Gorilla shares are trading 1.60% lower at $11.70, according to data from Benzinga Pro. *This illustration was generated using artificial intelligence via Midjourney.* ### Related Stocks - [GRRR.US](https://longbridge.com/en/quote/GRRR.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [ATAI.US](https://longbridge.com/en/quote/ATAI.US.md) - [JBHT.US](https://longbridge.com/en/quote/JBHT.US.md) - [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md) - [GRRRW.US](https://longbridge.com/en/quote/GRRRW.US.md) ## Related News & Research - [Entra sets new bond interest rate at 5.95% for upcoming period](https://longbridge.com/en/news/296350706.md) - [LBL: Strong revenue and profit growth achieved despite tungsten price headwinds and mining sector softness](https://longbridge.com/en/news/296423247.md) - [Bessent's bond gambit aimed at calming markets is instead stirring inflation worries](https://longbridge.com/en/news/296642975.md) - [Bera sells ISK 1 billion six-month commercial paper at 8.5%](https://longbridge.com/en/news/296640776.md) - [Entra sets new bond interest rate at 5.1% for upcoming period](https://longbridge.com/en/news/296226390.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**