Item 8.01 Other Events.

As previously disclosed, Global SPAC Partners Co., a special purpose acquisition company incorporated as a Cayman Islands exempted company ("Global"), entered into a definitive Business Combination Agreement, dated as of December 21, 2021, as amended and restated on May 18, 2022 (the "Business Combination Agreement"), with Gorilla Technology Group Inc., a Cayman Islands exempted company ("Gorilla"), Gorilla Merger Sub, Inc., a Cayman Islands exempted company and a wholly-owned subsidiary of Gorilla ("Merger Sub"), Global SPAC Sponsors LLC, a Delaware limited liability company, in the capacity as the representative from and after the Effective Time (as defined in the Business Combination Agreement) for the shareholders of Global as of immediately prior to the Effective Time and their successors and assignees, and Tomoyuki Nii, in the capacity as the representative from and after the Effective Time for the Gorilla shareholders as of immediately prior to the Effective Time. Pursuant to the Business Combination Agreement, Merger Sub will merge with and into Global, with Global as the surviving entity (the "Merger", and together with the other transactions contemplated by the Business Combination Agreement and certain ancillary documents, the "Transactions").





Waiver of Closing Condition

Under the terms of the Business Combination Agreement, it is a condition precedent to the obligations of Gorilla and Merger Sub to consummate the Merger that, as of the closing of the Merger (the "Closing"), (a) the amount of funds contained in Global's trust account (the "Trust Account") (after deducting the aggregate amount of payments required to be made in connection with the redemption rights to Global shareholders) or Global's operating account, in any case, prior to payment of any Global transaction expenses or Gorilla transaction expenses or other liabilities due at the Closing, plus (b) the aggregate amount of cash that has been funded to and remains with, or that will be funded concurrently with the Closing to, Global pursuant to any PIPE Investment (as defined in the Business Combination Agreement) (the "Minimum Cash") be at least $50,000,000. As of July 8, 2022, Gorilla and Merger Sub had conditionally waived such condition precedent, provided that if the Minimum Cash is less than $41,900,000, the waiver shall no longer be in effect.

On July 7, 2022, Global issued a press release announcing the filing and mailing of the definitive proxy statement (the "Merger Proxy Statement") announcing an extraordinary general meeting of Global's shareholders on July 13, 2022 (the "Business Combination Meeting") to approve the Transactions, among other proposals described in the Merger Proxy Statement. Additionally, on July 8, 2022, Global issued a press release announcing the confirmation of the aggregate amount of the previously announced PIPE (as defined below) of $41.9 million in connection with the Transactions and the conditional waiver of the Minimum Cash Condition as noted above. A copy of the press releases are filed as Exhibit 99.1 and Exhibit 99.2 to this Current Report on Form 8-K and are incorporated by reference herein.





Additional Information

In connection with the Transactions, Gorilla has filed with the Securities and Exchange Commission (the "SEC") a Registration Statement on Form F-4 and Global has filed the Merger Proxy Statement in connection with the proposed Transactions. Investors and security holders of Global and other interested persons are advised to read the Merger Proxy Statement in connection with Global's solicitation of proxies for the Business Combination Meeting because these documents contain important information about Global, Gorilla, the Business Combination Agreement and the Transactions. The Merger Proxy Statement and other relevant materials in connection with the Transactions, and any other documents filed by Global with the SEC (when they become available), may be obtained free of charge at the SEC's website (www.sec.gov) or by writing to Global at: 2093 Philadelphia Pike #1968, Claymont, DE 19703.





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Forward-Looking Statements

This Current Report on Form 8-K contains, and certain oral statements made by representatives of Global and Gorilla and their respective affiliates, from time to time may contain, "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Global's and Gorilla's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Global's and Gorilla's expectations with respect to future performance and anticipated financial impacts of the Transactions and the proposed private placement of Global securities by institutional accredited investors contemplated by certain subscription agreements dated as of February 10, 2022, as amended and restated on May 18, 2022 (the "PIPE"), the satisfaction of the closing conditions to the Transactions and the timing of the completion of the Transactions. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Global or Gorilla and are difficult to predict. Factors that may cause such differences include but are not limited to: (i) the inability of the parties to successfully or timely consummate the Transactions and the PIPE, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the post-Transactions company (the "Company") or the expected benefits of the Transactions and the PIPE, if not obtained; (ii) the failure to realize the anticipated benefits of the Transactions and the PIPE; (iii) matters discovered by the parties as they complete their respective due diligence investigation of the other parties; (iv) the ability of Global prior to the Transactions, and the Company following the Transactions, to maintain the listing of the Company's shares on Nasdaq; (v) costs related to the Transactions; (vi) the lack of a third-party fairness opinion in determining whether or not to pursue the proposed Transactions; (vii) the failure to satisfy the conditions to the consummation of the Transactions, including the approval of the Business Combination Agreement by the shareholders of Global and the satisfaction of the minimum cash requirements of the Business Combination Agreement following any redemptions by Global's public shareholders; (viii) the risk that the Transactions may not be completed by the stated deadline and the potential failure to obtain an extension of the stated deadline; (ix) the outcome of any legal proceedings that may be instituted against Global or Gorilla related to the Transactions; (x) the attraction and retention of qualified directors, officers, employees and key personnel of Global and Gorilla prior to the Transactions, and the Company following the Transactions; (xi) the ability of the Company to compete effectively in a highly competitive market; (xii) the ability to protect and enhance Gorilla's corporate reputation and brand; (xiii) the impact from future regulatory, judicial, and legislative changes in Gorilla's or the Company's industry; (xiv) the uncertain effects of the COVID-19 pandemic and geopolitical developments; (xv) competition from larger technology companies that have greater resources, technology, relationships and/or expertise; (xvi) future financial performance of the Company following the Transactions, including the ability of future revenues to meet projected annual bookings; (xvii) the ability of the Company to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; (xviii) the ability of the Company to generate sufficient revenue from each of its revenue streams; (xix) the ability of the Company's patents and patent applications to protect the Company's core technologies from competitors; (xx) the Company's ability to manage a complex set of marketing relationships and realize projected revenues from subscriptions, advertisements; (xxi) product sales and/or services; (xxii) the Company's ability to execute its business plans and strategy, including potential expansion into new geographic regions; and (xxiii) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the SEC by Global or Gorilla. The foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Global and Gorilla undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Participants in the Solicitation

Gorilla, Global and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of Global securities in respect of the proposed Transactions. Information about Global's directors and executive officers and their ownership of Global's securities is set forth in Global's filings with the SEC. Additional information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement pertaining to the proposed Transactions when it becomes available. These documents can be obtained free of charge from the sources indicated above.





No Offer or Solicitation

This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the proposed Transactions or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.





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Item 9.01 Financial Statements and Exhibits.





(d) Exhibits



Exhibit No.   Description
99.1            Press Release, dated July 7, 2022.
99.2            Press Release, dated July 8, 2022.
104           Cover Page Interactive Data File (embedded within the Inline XBRL document).




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