Gorilla Technology Group is trading 10.56% down at $9.96, with selling pressure linked to uncertainty over its preliminary U.S. data-center deal.
- On October 9, the company announced a non-binding letter of intent to acquire its first U.S. data center; due diligence and definitive agreements remain outstanding.
- Reported concerns include the preliminary deal changing or falling through, while funding for broader expansion remains unresolved.
- No separate October 12 company catalyst was identified; broader markets were mixed, without a similarly sharp decline.