Company: GRRR
Filing Date: 2025-07-02
Form Type: 424B5
Source: 0001213900-25-060827
Chunk: 57

Company: Gorilla Technology Group Inc.
Filing Date: 2025-07-02
Form: 424B5
Chunk 57
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exchange or quotation system on which any debt securities are to be listed or quoted.

Conversion or Exchange Rights

Debt securities may be convertible
into or exchangeable for shares of our equity securities or other securities. The terms and conditions of conversion or exchange will
be stated in the applicable prospectus supplement. The terms will include, among others, the following:

| ● | the conversion or exchange price; |

| ● | the conversion or exchange period; |

| ● | provisions regarding our ability or the ability of any holder 
 to convert or exchange the debt securities;                   |

| ● | events requiring adjustment to the conversion or exchange price; 
 and                                                              |

| ● | provisions affecting conversion or exchange in the event of our 
 redemption of the debt securities.                              |

Consolidation, Merger or Sale

We cannot consolidate with
or merge with or into, or transfer or lease all or substantially all of our assets to, any person, unless we are the surviving corporation
or the successor person is a corporation organized under the laws of the Cayman Islands, the United Kingdom, the United States, any state
of the United States or the District of Columbia, and expressly assumes our obligations under the debt securities and the indenture. In
addition, we cannot complete such a transaction unless immediately after completing the transaction, no event of default under the indenture,
and no event that, after notice or lapse of time or both, would become an event of default under the indenture, has occurred and is continuing.
When the successor person has assumed our obligations under the debt securities and the indenture, we will be discharged from all our
obligations under the debt securities and the indenture except in limited circumstances.

This covenant would not apply
to any recapitalization transaction, a change of control affecting us or a highly leveraged transaction, unless the transaction or change
of control were structured to include a merger or consolidation or transfer or lease of all or substantially all of our assets.

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Events of Default

The indenture provides that
the following will be “events of default” with respect to any series of debt securities:

| ● | failure to pay interest for 30 days after the date payment is due and payable; |

| ● | failure to pay principal or premium, if any, on any debt security when due, either at maturity, upon any redemption, by declaration      
 or otherwise and, in the case of technical or administrative difficulties, only if such default persists for