Gorilla Technology Settles Legal Dispute with Culper Research Through Confidential Agreement

Gorilla Technology Group Inc. (NASDAQ: GRRR), a London-based global provider of security and intelligence solutions, announced on July 21, 2025 that it has concluded its litigation against Culper Research and founder Christian Lamarco through a non-monetary confidential settlement.

The legal action originated following a critical report issued by Culper Research on April 4, 2025. In response, Gorilla Technology initiated formal proceedings against the research firm and Lamarco on April 16, 2025. However, the company chose to resolve the matter through settlement rather than prolonged litigation, citing significant developments that emerged during the dispute.

“Putting this matter to rest allows us to focus entirely on what drives our business forward,” stated Jay Chandan, Chairman and Chief Executive Officer. “Our track record speaks for itself—we’ve built momentum with substantial pipeline growth and strengthened customer relationships across global markets. With $5.6 billion in active opportunities and newfound capital backing our expansion, we’re positioned to accelerate growth. This resolution removes distractions and clears the path for execution.”

The timing of the settlement coincided with key corporate milestones. Gorilla’s Form 20F filing, submitted on April 30, 2025, and its earnings report released on June 18, 2025 reflected the company’s operational progress and financial trajectory. These disclosures likely influenced the decision to settle, as they demonstrated the company’s forward momentum despite the regulatory scrutiny.

Gorilla Technology recently showcased its strategic direction through a webinar highlighting its $5.6 billion global pipeline and expanding footprint in the U.S. public sector. The company’s first-quarter earnings, disclosed on June 18, 2025, reinforced consistent operational performance and revenue growth across key verticals.

Headquartered in London, Gorilla Technology specializes in AI-powered solutions spanning security intelligence, network intelligence, business intelligence and IoT technologies. The company serves government agencies, manufacturers, telecommunications providers, retailers, transportation operators, healthcare systems and educational institutions. Its core offerings include intelligent video surveillance, facial recognition, license plate recognition, edge computing infrastructure, post-event analytics and advanced cybersecurity platforms designed to enhance smart city operations, bolster public safety and strengthen resilience across critical sectors.