Gorilla Announces Share Buyback of Up To $6 Million as It Deems Shares To Be Undervalued

Key Highlights:

LONDON, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla” or the “Company”) (NASDAQ: GRRR) is thrilled to announce an ambitious and strategic share buyback program, aimed at addressing what we believe to be a significant undervaluation of our shares. This initiative comes in response to the sharp decline in the Company’s market cap from approximately $650 million to $35 million, in spite of our strong business performance. The share buyback will help realign Gorilla's stock price with our assessment of its intrinsic value and support our long-term strategic objectives.

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