Gorilla Technology Shares Plummet After Large Convertible Note Offering Stokes Dilution Fears
Gorilla Technology's stock tumbled after the company priced $107 million of 7.50% senior unsecured convertible notes due 2031, an issuance markets viewed as a near-term dilutive overhang equal to roughly 18% of its market value. A concurrent SEC filing to expand an existing shelf registration by $17.9 million amplified investor concerns amid a wide…