Gorilla Technology Group Inc. (NASDAQ:GRRR) rose about 2.1% in premarket trading on Friday after the company shared an update on its share repurchase activity, disclosing that it has bought back roughly $5.0 million of stock since its board expanded the program to $20 million in the fourth quarter of 2025.
The company said cumulative repurchases under the program now stand at approximately $10.4 million, leaving around $9.6 million still available. In total, the buybacks account for about 354,000 shares and were carried out while preserving a strong cash position.
Chief executive Jay Chandan said some recent repurchase orders were not completed due to limited liquidity in the market, which the company believes reflects a largely long-term shareholder base. “While we recognize the frustration that market dislocation can create, we remain confident that consistent execution and delivery over time will be reflected in the value of our shares,” Chandan said.
Gorilla added that it plans to pause repurchases until after it releases its full-year 2025 financial results, which are expected in mid-March 2026. Following that update, the company intends to restart buybacks if the share price “continues to fail to fairly reflect the intrinsic value” of the business.
The group reiterated that it remains fully funded to pursue its growth strategy and will continue to deploy capital in a disciplined manner. Looking ahead, the board said it will continue to review capital allocation priorities, including the potential for further share repurchases alongside ongoing investment in growth initiatives.