Company: GRRR
Filing Date: 2025-07-02
Form Type: 424B5
Source: 0001213900-25-060827
Chunk: 29

Company: Gorilla Technology Group Inc.
Filing Date: 2025-07-02
Form: 424B5
Chunk 29
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 first taxable year in which Gorilla is a PFIC, will be treated as ordinary income; and                               |

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 amount allocated to each other taxable year will be subject to the highest tax rate in effect for individuals or corporations, as applicable, 
 for each such year and the interest charge generally applicable to underpayments of tax will be imposed on the resulting tax attributable     
 to each such year.                                                                                                                            |

Under the Excess Distribution Rules, the tax liability
for amounts allocated to taxable years prior to the year of disposition or excess distribution cannot be offset by any net operating
losses, and gains (but not losses) realized on the sale of the ordinary shares, pre-funded warrants or ordinary shares received upon exercise
of pre-funded warrants cannot be treated as capital gains, even though the U.S. Holder holds the ordinary shares, pre-funded warrants
or ordinary shares received upon exercise of pre-funded warrants as capital assets.

Certain of the PFIC rules may impact U.S. Holders
with respect to equity interests in subsidiaries and other entities which Gorilla may hold, directly or indirectly, that are PFICs (collectively,
“Lower-Tier PFICs”). There can be no assurance, however, that Gorilla does not own, or will not in the future acquire, an
interest in a subsidiary or other entity that is or would be treated as a Lower-Tier PFIC. U.S. Holders should consult their
own tax advisors regarding the application of the PFIC rules to any of Gorilla’s subsidiaries.

If Gorilla is a PFIC, a U.S. Holder of ordinary
shares pre-funded warrants or ordinary shares received upon exercise of pre-funded warrants may avoid taxation under the Excess Distribution
Rules described above by making a “qualified electing fund” (“QEF”) election. However, a U.S. Holder may
make a QEF election with respect to its ordinary shares, pre-funded warrants or ordinary shares received upon exercise of pre-funded warrants
only if Gorilla provides U.S. Holders on an annual basis with certain financial information specified under applicable U.S. Treasury
regulations. Gorilla will endeavor to provide U.S. Holders with the required information on an annual basis to allow U.S. Holders
to make a QEF election with respect to the ordinary shares, pre-funded warrants or ordinary shares received upon exercise of pre-funded
warrants in the event Gorilla is treated as