India, March 24 -- Shares of Gorilla Technology Group Inc. (GRRR) gained 5% on Monday morning after the company refuted allegations made by individuals currently facing charges from the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ).
GRRR is currently trading at $26.35, up $1.20 or 4.77%, on the Nasdaq. The stock opened its trading at $28.20 after closing Friday at $25.15. The stock has traded between $2.09 and $44.15 in the 52-week period.
The company's Chairman & CEO, Jay Chandan, stated that the accusations are baseless and lack credibility due to the accusers' legal issues. Gorilla's legal teams are addressing the matter across various jurisdictions.
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