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LONDON - Gorilla Technology Group Inc. (NASDAQ:GRRR), a technology company with a market capitalization of $546 million, has resolved its litigation against Culper Research and founder Christian Lamarco through a confidential non-monetary settlement, the company announced Monday. According to InvestingPro data, the stock has shown significant price volatility this year, with a remarkable 580% return over the past twelve months.
The legal dispute began after Culper published a report on April 4, 2025, prompting Gorilla to file a lawsuit on April 16, 2025. The resolution follows Gorilla’s 20F filing on April 30 and its earnings release on June 18.
"We are pleased to put this matter behind us. Gorilla has spent this year doing what matters most, executing our strategy and delivering results," said Jay Chandan, Chairman and CEO of Gorilla Technology, in a press release statement.
The London-headquartered company, which specializes in security intelligence and AI-driven technologies, reported having over $5.6 billion in active pipeline opportunities. Gorilla recently hosted a webinar highlighting its recent momentum and continued U.S. expansion with public sector relationships.
Gorilla Technology provides solutions in security intelligence, network intelligence, business intelligence, and IoT technology across various sectors including government, manufacturing, telecom, retail, transportation, healthcare, and education.
The company’s first quarter earnings, released on June 18, 2025, were described in the press release as reinforcing its "continued momentum and operational progress."
In other recent news, Gorilla Technology Group Inc. has announced significant developments across various areas. The company reported a $5.6 billion active pipeline with expectations of closing $1.3 billion in contracts by mid-2026, involving long-term agreements. Gorilla Technology has also raised $105 million through a registered direct offering, primarily funded by a $100 million investment from a new institutional investor. The company has entered into a definitive agreement to acquire Thai tech providers CNS and CANS, with the acquisition expected to expand Gorilla’s product portfolio and presence in Southeast Asia. Additionally, Gorilla Technology has strengthened its strategic alliances by becoming an NVIDIA Solutions Partner, aimed at enhancing its AI capabilities. The company has appointed Bruce Bower as the new Chief Financial Officer, recognizing his strategic financial expertise and contributions to the company’s financial strategy. Gorilla Technology is also actively pursuing global expansion efforts, including projects in the U.S. and Thailand. These recent developments reflect Gorilla’s ongoing efforts to enhance its product offerings and market position.
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