Company: GRRR
Filing Date: 2025-07-02
Form Type: 424B5
Source: 0001213900-25-060827
Chunk: 68

Company: Gorilla Technology Group Inc.
Filing Date: 2025-07-02
Form: 424B5
Chunk 68
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 properly completed and duly executed
at the corporate trust office of the rights agent or any other office indicated in the prospectus supplement, we will, as soon as practicable,
forward the ordinary shares or preference shares purchasable upon exercise of the rights. If less than all of the rights issued in any
rights offering are exercised, we may offer any unsubscribed securities directly to persons other than shareholders, to or through agents,
underwriters or dealers or through a combination of such methods, including pursuant to standby underwriting arrangements, as described
in the applicable prospectus supplement.

<div align='center'>17

DESCRIPTION OF SHARE CAPITAL</div>

Share Capital

Authorized Capitalization

Our authorized share capital
consists of 245,000,000 ordinary shares of a par value of US$0.0001 each and 5,000,000 preference shares of a par value of US$0.0001,
of which 68,923,092 ordinary shares were issued and outstanding as of August 15, 2023, which amount does not include 2,814,895 treasury shares currently outstanding but does include Earnout Shares (as defined in the Business Combination Agreement) currently held in escrow. In addition, as of August 15, 2023, warrants exercisable for an aggregate 9,582,724 ordinary shares were outstanding.As of December 31, 2022, 68,542,842 ordinary shares were outstanding, excluding treasury shares but including
Earnout Shares then held in escrow. The difference in the number of shares outstanding between December 31, 2022 and August 15, 2023 is the result of 380,250 warrants for ordinary shares being converted into ordinary shares. As of August 15, 2023, Gorilla has 687,149 vested options outstanding under the Gorilla Technology Group Inc. Employee Stock Option Program with an average exercise price of $1.17.

On July 12, 2023, the board
approved share awards in an aggregate amount of 1,041,226 ordinary shares to certain eligible employees, officers, non-employee directors,
and current and former service providers, which amounts will be granted on the effective date of registration statements covering the
resale of such ordinary shares.

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