Company: GRRR
Filing Date: 2025-07-02
Form Type: 424B5
Source: 0001213900-25-060827
Chunk: 23

Company: Gorilla Technology Group Inc.
Filing Date: 2025-07-02
Form: 424B5
Chunk 23
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 securities that elect to mark to market interested party transactions that require shareholder approval; |

| ● | tax-exempt organizations or governmental organizations; |

| ● | U.S. expatriates and former citizens or long-term residents of the United States; |

| ● | persons holding ordinary shares and/or pre-funded warrants, as the case may be, as part of a hedge, straddle, constructive sale, or other risk reduction strategy or as part of a conversion transaction or other integrated investment; |

| ● | persons subject to special tax accounting rules as a result of any item of gross income with respect to ordinary shares and/or pre-funded warrants, as the case may be, being taken into account in an applicable financial statement; |

| ● | persons that actually or constructively own 5% or more (by vote or value) of the ordinary shares; |

| ● | “controlled foreign corporations,” “passive foreign investment companies,” and corporations that accumulate earnings to avoid U.S. federal income tax; |

| ● | S corporations, partnerships or other entities or arrangements treated as partnerships or other flow-through entities for U.S. federal income tax purposes (and investors therein); |

| ● | U.S. Holders having a functional currency other than the U.S. dollar; |

<div align='center'>S-16</div>

| ● | persons who hold or received ordinary shares and/or pre-funded warrants, as the case may be, pursuant to the exercise of any employee stock option or otherwise as compensation; and |

| ● | tax-qualified retirement plans. |

For purposes of this discussion, a “U.S. Holder” is
any beneficial owner of ordinary shares and/or pre-funded warrants, as the case may be, that is for U.S. federal income tax purposes:

| ● | an                                                            
 individual who is a citizen or resident of the United States; |

| ● | a                                                                                                                                   
 corporation (or other entity taxable as a corporation) created or organized under the laws of the United States, any state thereof, 
 or the District of Columbia;                                                                                                        |

| ● | an                                                                                              
 estate, the income of which is subject to U.S. federal income tax regardless of its source; or; |

| ● | a                                                                                                                     
 trust that (1) is subject to the primary supervision of a U.S. court and the control of one or more “United States    
 persons” (within the meaning of Section 7701(a)(30) of the Code), or (2) has a valid