Company: GRRR
Filing Date: 2025-07-02
Form Type: 424B5
Source: 0001213900-25-060827
Chunk: 17

Company: Gorilla Technology Group Inc.
Filing Date: 2025-07-02
Form: 424B5
Chunk 17
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669,015 which is based on 20,139,069 ordinary shares outstanding as of
June 27, 2025 and assumes no exercise of the pre-funded warrants or the Placement Agent Warrants. The number of ordinary shares outstanding
as of June 27, 2025 excludes:

| ● | 1,485,978                         
 ordinary shares held in treasury; |

| ● | 179,609                                                             
 ordinary shares underlying vested, deferred restricted stock units; |

| ● | 958,272                                                                                                                                
 ordinary shares issuable upon exercise of warrants outstanding as of June 27, 2025 at a weighted average exercise price of $115.00 per 
 ordinary share;                                                                                                                        |

| ● | 48,900                                                                                                                                  
 ordinary shares issuance upon the exercise of options outstanding under the Gorilla Technology Group Inc. Employee Stock Option Program 
 as of June 27, 2025 at a weighted average exercise price of $11.66 per ordinary share; and                                              |

| ● | 600,000 ordinary shares issuable upon the cash exercise of 
 Gorilla’s Series C Ordinary Share Purchase Warrants.       |

The 1,485,978 ordinary shares held in treasury
comprises a portion of the ordinary shares issued in this offering. Immediately after this offering, there will be no ordinary shares
held in treasury outstanding.

<div align='center'>S-12</div>

Description of Ordinary Shares

Dividends. Subject
to any rights and restrictions of any other class or series of shares, our board of directors may, from time to time, declare dividends
on the shares issued and authorize payment of the dividends out of our lawfully available funds. No dividends shall be declared by our
board except the following:

| ● | profits; 
 or       |

| ● | “share                                                                                                                     
 premium account,” which represents the excess of the price paid to us on the issue of our shares over the par or “nominal” 
 value of those shares, which is similar to the U.S. concept of additional paid in capital.                                 |

However, no dividend shall
bear interest against us.

Voting Rights.The
holders of our ordinary shares are entitled to one vote for each share held of record on all matters to be voted on by shareholders.

There is no cumulative voting
with respect to the election of our directors, with the result that the holders of more than 50% of the shares voted for the election
of directors can elect all of the directors.

Holders of our