Shares of Gorilla Technology Group (NASDAQ: GRRR) slipped 1% in premarket trading on Wednesday, as investor concern over a new shelf registration filing overshadowed a landmark $2 billion AI infrastructure agreement.
The company filed a registration statement with the U.S. Securities and Exchange Commission to increase securities available under an existing shelf registration by $17.9 million.
Gorilla said the filing was made solely to increase the aggregate amount of securities that may be offered under the registration statement.
The additional securities being registered represent no more than 20% of the maximum aggregate offering price of unsold securities covered under its previous shelf registration.
The filing arrived shortly after Gorilla announced the closure of a $2 billion AI infrastructure supply agreement with Super Micro Computer (SMCI) to support its Yotta AI infrastructure project in India.
The deal includes the delivery of 20,736 B300 cards, 5,120 B200 cards, networking equipment and related infrastructure to support large-scale AI data center deployments across India.
Gorilla and Supermicro also entered a separate agreement to jointly pursue additional multi-billion-dollar AI infrastructure opportunities across India and Asia-Pacific markets.
That partnership will focus on hyperscale AI data centers, GPU-as-a-Service platforms, sovereign AI programs and enterprise AI transformation initiatives.
Supermicro will provide AI server and rack-scale infrastructure platforms, while Gorilla delivers infrastructure solutions, managed services and financing models under the arrangement.
The latest deal builds on Gorilla’s expanding AI infrastructure presence across Asia, including a March agreement with Yotta Data Services to deploy 640 Nvidia HGX B200 servers containing over 5,000 GPUs across India.
Gorilla said that deployment is expected to contribute over $500 million in revenue over five years, based on executed agreements and current commercial assumptions.
Gorilla also signed a three-year, $1.4 billion contract with Freyr Singapore to develop a network of AI-powered data centers across Indonesia, Malaysia and Thailand, which included a $300 million initial deployment phase.
At the time of that deal, Gorilla and Freyr said they were targeting at least $2.5 billion in additional data-center opportunities across Southeast Asia.
Despite Wednesday’s premarket dip, GRRR stock had jumped 3% on Monday, logging its fourth consecutive session of gains, and has surged 99% so far this year.
On Stocktwits, retail sentiment was rated “extremely bullish” amid “extremely high” message volume, with one user saying, “$GRRR they will soon announce financial secured, then there will be no mercy to shorts.”
A more cautious user warned, “Gorilla is coming out with this dilution which is not nearly enough to fund its paper future mega deals. Expect warrants or a series of similar dilutions thru the year, or big debt/convertible issuance soon.”
