Gorilla announces pricing of $107 million convertible bond offering
The 7.50% notes due 2031 are led by Highbridge Capital. Proceeds will fund data center equipment for Yotta project and general corporate purposes.
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In short: Gorilla announced a $2 billion AI infrastructure deal in India and reported a 55% revenue increase for Q1 2026 as it expanded its global footprint.
The 7.50% notes due 2031 are led by Highbridge Capital. Proceeds will fund data center equipment for Yotta project and general corporate purposes.
The deal includes 20,736 B300 and 5,120 B200 cards for the Yotta project in India. Both companies will jointly pursue opportunities in Asia Pacific.
Operating cash flow turned positive at US$6.6 million and cash balance reached US$98.4 million. Full-year 2026 revenue guidance was raised to US$160–200 million.
The call will be held on May 27 at 4:30 p.m. ET, with results released beforehand.
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