GRRR Shareholders Approve Share Consolidation and Adjourn Authorized Capital Increase Proposal

Gorilla Technology Introduces Share Consolidation

During an update from Gorilla Technology Group Inc. (GRRR), shareholders have approved a share consolidation at a ratio ranging from two-for-one to twenty-for-one during the Extraordinary General Meeting. The company has announced that the meeting also discussed a proposal to increase the company’s authorized share capital, which has been adjourned and is set to reconvene on April 18, 2024. The details from this meeting have been included in the company’s existing registration statements.

At the Extraordinary General Meeting, GRRR shareholders approved a share consolidation at a ratio ranging from two-for-one to twenty-for-one. This means that for every two or twenty shares held by a shareholder, they will receive one share in return. This consolidation is aimed at simplifying the company’s capital structure and making it more attractive to potential investors.

In addition to the share consolidation, the meeting also discussed a proposal to increase the company’s authorized share capital. However, this proposal has been adjourned and is set to reconvene on April 18, 2024. The details of this proposal have been included in GRRR’s existing registration statements, allowing investors to make informed decisions about their investments in the company.

For more information on GRRR stock, including updates on these proposals and other important developments, visit TipRanks’ Stock Analysis page.

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