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Gorilla Technology Dismisses Misinformation, Confirms Intention to Acquire Shares by Company and Insiders

News RoomBy News RoomMarch 24, 20253 Mins Read
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London, UK – NewsFile Corp. – 24 March 2025 – Gorilla Technology Group Inc. (NASDAQ: GRRR) issued a press statement.

Gorilla Technology Group Inc. (GRRR) announced today that it has issued a press statement. The company announced that it will not engage with baseless allegations spread by individuals charged by multiple authorities, including the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ), as those allegations were brought forward further.
"Theurdle," as theENNddeDTD described, is that based solely on a single incident or individual invocation of these charges would be highly unlikely to be credible. Given these multiple allegations and charges, the investors are severely concerned that the credibility of the两名 individuals involved with the allegations could be questionable. Gorilla has been actively involved in this matter since its legal counsel is engaged in it."

The Company’s rise is particularly well-documented in safeBehavior, which is a team of professionals who work to reduce contamination of the public. In essence, the sheer volume of data, contracts, and regulations that the Company handles means that it is unlikely to create regular jobs in the near future. To address the growing obtuseness in the market, the Company has already sold its shares in_prior over a larger amount.
"Gorilla Technology Group Inc. is a global security provider that offers solutions in the areas of smart city, IoT technology, network security, and business intelligence. It provides a wide range of products that include smart cities, networks, video surveillance systems, security convergence technologies, edge computing, cluster authentication, post-event analytics, and advanced cybersecurity systems, which are leveraged to impArportion the efficiency, safety, and cybersecurity of smart cities. The Company continues to be at the forefront of tech innovation in these fields, offering answers to complex cybersecurity challenges ahead of the curve."

The Company also mentioned that the majority of Board and executive leadership are now considering purchases in the open market. "We believe in the success of our company," the CEO emphasized. "Our vision aligns with the undeniably growing momentum we have been building," and "The market will catch up with us," the CEO stated.

"The press statement comes to light after the shares of the Company have fallen due to multi-time short selling and subsequent earnings, before the 2024 Financial reporting season. As such, the Company believes the market is undervalued."已經 announced than plans to acquire shares should be viewed as a signal for company4Expansion. "We believe in this company and all aspects of our vision, IoT, as much.findall or bright. We are confident in the long-term."

The Company also provided details about its unique products and services. "We offer a broad range of security technologies and services for secure, connected, and smart infrastructure. These technologies range from video surveillance systems to face authentication, license plate recognition, etc. A wealth of innovation through AI and deep learning solutions, providers now range from edge computing to post-event analytics, which include advanced cybersecurity systemsthat integrate AI to enhance security in smart cities."

"The press statement comes to light; the shares of the Company have dropped following a series of short卖 operations. The investors believe the market is less expensive than the Company thinks. Therefore, according to the report, the Company will opt to fully utilize remaining shares from its buyback program following its quarterly earnings."

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