Gorilla Technology (GRRR) Stock Surges On Agreement To Acquire Thai AI Firms

Shares of Gorilla Technology Group Inc (NASDAQ:GRRR) are surging Tuesday morning, rising over 17% to $23.96 after announcing a definitive agreement to acquire Thai technology providers CNS and its subsidiary CANS. The deal, with undisclosed financial terms, is expected to close this summer.

What To Know: The company says this acquisition significantly boosts Gorilla’s presence in Southeast Asia, integrating a mobile-first, AI-powered customer engagement platform into its portfolio.

CNS and CANS bring a client base of over 200 businesses and a network spanning all 77 Thai provinces, providing immediate scale and operational know-how. The move targets new recurring revenue opportunities in the telecom, government and enterprise sectors.

Jay Chandan, CEO of Gorilla, called the acquisition a “strategic leap forward,” highlighting the potential for globally scalable, recurring revenue. The company says the deal allows Gorilla to offer a comprehensive AI-powered infrastructure solution for everything from public safety and smart cities to hyper-personalized customer engagement.

Read Also: Gorilla Technology Stock Surges On Strong Revenue Growth, Profit Turnaround

How To Buy GRRR Stock

By now you're likely curious about how to participate in the market for Gorilla Tech – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Gorilla Tech, which is trading at $20.4 as of publishing time, $100 would buy you 4.17 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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