Company: GRRR
Filing Date: 2025-07-02
Form Type: 424B5
Source: 0001213900-25-060827
Chunk: 34

Company: Gorilla Technology Group Inc.
Filing Date: 2025-07-02
Form: 424B5
Chunk 34
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 upon exercise of pre-funded warrantsthat is not
a U.S. Holder, including:

| ● | a                                                                                                    
 nonresident alien individual, other than certain former citizens and residents of the United States; |

| ● | a                       
 foreign corporation; or |

| ● | a                        
 foreign estate or trust. |

U.S. Federal Income Tax Consequences of the Ownership and Disposition of ordinary shares, pre-funded warrants or ordinary shares received upon exercise of pre-funded warrants to Non-U.S. Holders

Any (i) distributions of cash or property
paid to a Non-U.S. Holders in respect of ordinary shares, pre-funded warrants or ordinary shares received upon exercise of pre-funded
warrants or (ii) gain realized upon the sale or other taxable disposition of ordinary shares, pre-funded warrants or ordinary shares
received upon exercise of pre-funded warrants generally will not be subject to U.S. federal income taxation unless:

| ● | the gain or distribution is effectively connected with the Non-U.S. Holder’s conduct of a trade or business within the United States (and, if required by an applicable income tax treaty, the Non-U.S. Holder maintains a permanent establishment in the United States to which such gain is attributable); or |

| ● | in the case of any gain, the Non-U.S. Holder is a nonresident alien individual present in the United States for 183 days or more during the taxable year of the disposition and certain other requirements are met. |

Gain or distributions described in the first bullet
point above generally will be subject to U.S. federal income tax on a net income basis at the regular rates. A Non-U.S. Holder
that is a corporation also may be subject to a branch profits tax at a rate of 30% (or such lower rate specified by an applicable income
tax treaty) on such effectively connected gain, as adjusted for certain items.

Gain described in the second bullet point above
will be subject to U.S. federal income tax at a rate of 30% (or such lower rate specified by an applicable income tax treaty), which
may be offset by U.S. source capital losses of the Non-U.S. Holder (even though the individual is not considered a resident
of the United States), provided the Non-U.S. Holder has timely filed U.S. federal income tax returns with respect to such
losses.

Non-U.S. Holders should consult their own
tax advisors regarding potentially applicable income tax treaties that may provide for different rules.

Information Reporting and