Gorilla Tech

Gorilla Technology experienced a sharp intraday decline, primarily driven by the announcement of a $107 million 7.5% senior unsecured convertible note offering due 2031, raising concerns over dilution and increased leverage. The stock fell from a pre-market high of $20.44 to an intraday low of $18.88, closing at $18.925, representing a decline of approximately 7% from the session open of $20.37. Despite recent large contracts including a 200MW AI campus in Thailand and a $2.5 billion AI GPUaaS deal, as well as Q1 revenue growing 54.61% YoY to $28.23 million, the company reported a net loss of $36.96 million, significantly widening from a $4.56 million loss a year earlier, with a PE ratio of -11.98. The stock remains above its MA20 ($17.61) and MA60 ($15.48), with a YTD gain of 50.32%, though it is 23.38% below its 52-week high of $24.70. Post-market trading saw the stock recover to $20.11, indicating ongoing debate among investors.