Company: GRRR
Filing Date: 2025-07-02
Form Type: 424B5
Source: 0001213900-25-060827
Chunk: 30

Company: Gorilla Technology Group Inc.
Filing Date: 2025-07-02
Form: 424B5
Chunk 30
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 a PFIC for any taxable year. There can be no assurance, however, that Gorilla will timely
provide such information for the current year or subsequent years. The failure to provide such information on an annual basis could
prevent a U.S. Holder from making a QEF election or result in the invalidation or termination of a U.S. Holder’s prior
QEF election.

In the event Gorilla is a PFIC, a U.S. Holder
that makes a QEF election with respect to its ordinary shares, pre-funded warrants or ordinary shares received upon exercise of pre-funded
warrants would generally be required to include in income for each year that Gorilla is treated as a PFIC the U.S. Holder’s
pro rata share of Gorilla’s ordinary earnings for the year (which would be subject to tax as ordinary income) and net capital gains
for the year (which would be subject to tax at the rates applicable to long-term capital gains), without regard to the amount of any distributions
made in respect of the ordinary shares, pre-funded warrants or ordinary shares received upon exercise of pre-funded warrants. Any net
deficits or net capital losses of Gorilla for a taxable year would not be passed through and included on the tax return of the U.S. Holder,
however. A U.S. Holder’s basis in the ordinary shares, pre-funded warrants or ordinary shares received upon exercise of pre-funded
warrants would be increased by the amount of income inclusions under the qualified electing fund rules. Dividends actually paid on the
ordinary shares, pre-funded warrants or ordinary shares received upon exercise of pre-funded warrants generally would not be subject to
U.S. federal income tax to the extent of prior income inclusions and would reduce the U.S. Holder’s basis in the ordinary
shares, pre-funded warrants or ordinary shares received upon exercise of pre-funded warrants by a corresponding amount.

If Gorilla owns any interests in a Lower-Tier
PFIC, a U.S. Holder generally must make a separate QEF election for each Lower-Tier PFIC, subject to Gorilla’s providing the
relevant tax information for each Lower-Tier PFIC on an annual basis.

If a U.S. Holder does not make a QEF election
(or a mark-to-market election, as discussed below) effective from the first taxable year of a U.S. Holder’s holding period
for the ordinary shares, pre-funded warrants or ordinary shares received upon exercise of pre-funded warrants in which Gorilla is