Gorilla Technology Group went public via a SPAC merger with Global SPAC Partners in a $708m deal.

Gorilla Technology Group, a provider of edge artificial intelligence, went public via a SPAC merger with Global SPAC Partners, a blank check company, in a $708m deal. “Today marks a new journey for all at Gorilla. The Gorilla team has developed an outstanding technology platform with remarkably broad applicability. We aim to capitalize on this foundation by extending Gorilla’s international reach and expanding its ecosystem, while continuing to innovate for the future. The net proceeds from the Business Combination and PIPE will help strengthen Gorilla’s financial position and fund the research & development and improve brand awareness. We are all incredibly elated about this journey and firmly believe the best is yet to come," Jay Chandan, Global SPAC Partners Chairman.