New 6K! Pay attention to dates!
$Gorilla Technology(GRRR.US$ On April 9, 2024, Gorilla Technology Group Inc., a Cayman Islands exempted company (the “Company”), announced a share consolidation of the Company’s ordinary shares at a ratio of 10-to-1 (the “Share Consolidation”). The Share Consolidation was approved by the Company’s board of directors and was previously approved by the Company’s shareholders as described in the Company’s Report of Foreign Private Issuer on Form 6-K filed with the U.S. Securities and Exchange Commission on March 27, 2024.
At the open of business on April 15, 2024, the Company’s ordinary shares will trade on such split-adjusted basis on the Nasdaq Capital Market with a newly assigned CUSIP number of G4000K175. When the Share Consolidation becomes effective, every ten (10) shares of the Company’s issued and outstanding ordinary shares will be combined into one (1) issued and outstanding ordinary share. No fractional shares will be issued in connection with the Share Consolidation. This will reduce the number of outstanding ordinary shares from 86,988,100 shares to approximately 8,698,810 shares, based on the number of ordinary shares outstanding on April 5, 2024. Shareholders who would otherwise receive a fraction of an ordinary share resulting from the Share Consolidation will be rounded down to the nearest whole number of ordinary shares. With the Share Consolidation, the Company expects to meet the minimum $1.00 per share requirement for maintaining the listing of its ordinary shares on the Nasdaq Capital Market.
At the open of business on April 15, 2024, the Company’s ordinary shares will trade on such split-adjusted basis on the Nasdaq Capital Market with a newly assigned CUSIP number of G4000K175. When the Share Consolidation becomes effective, every ten (10) shares of the Company’s issued and outstanding ordinary shares will be combined into one (1) issued and outstanding ordinary share. No fractional shares will be issued in connection with the Share Consolidation. This will reduce the number of outstanding ordinary shares from 86,988,100 shares to approximately 8,698,810 shares, based on the number of ordinary shares outstanding on April 5, 2024. Shareholders who would otherwise receive a fraction of an ordinary share resulting from the Share Consolidation will be rounded down to the nearest whole number of ordinary shares. With the Share Consolidation, the Company expects to meet the minimum $1.00 per share requirement for maintaining the listing of its ordinary shares on the Nasdaq Capital Market.
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Jaguar8 : I was initially thinking of a forward split
turned to be RS. This is semiconductor stock so it’s spicy
TrytosaveabitOP Jaguar8: It is! I was thinking when I sold yesterday for small but ok profit, that I would look at buying for another swing? Now I may just wait? Unless I see a scalp opportunity! Hehehe
Jaguar8 TrytosaveabitOP: Looks like I’ll wait post RS
Anthony tan81 : guess im gonna hodl for now then to see how it goes later
TrytosaveabitOP Anthony tan81: GL!