Gorilla Technology Group Inc. (NASDAQ: GRRR) announced that the UK Financial Conduct Authority has approved the change of control of Shackleton Finance Limited, satisfying the key regulatory condition for completing the acquisition of the UK authorized Alternative Investment Fund Manager.

The transaction is expected to close in the near term. Following completion, Shackleton Finance will be rebranded to Gorilla Tech Capital and will operate as Gorilla's FCA-regulated capital platform.

"The FCA's approval is a landmark moment for Gorilla and signals a step change in how we will finance and scale our AI infrastructure pipeline," said Jay Chandan, Chairman and Chief Executive Officer of Gorilla. "Gorilla Tech Capital will give us a regulated platform to bring in co-investors at the project level, accelerating delivery while preserving the strength of the group balance sheet."

Through Gorilla Tech Capital, the company expects to structure special purpose vehicles to co-invest in and provide partial equity funding for specific infrastructure projects alongside institutional and other qualified investors. The approach is designed to accelerate deployment across Gorilla's pipeline, including AI data centers, GPU-as-a-Service programs and sovereign infrastructure initiatives.

Gorilla is targeting $2 billion to $3 billion of funds under management by the end of 2027. Shackleton Finance's senior management team will remain in place following completion to maintain regulatory continuity and responsible stewardship of existing funds.

Gorilla Technology is a global solution provider in data centers, security intelligence, network intelligence, business intelligence and IoT technology, headquartered in London. The company operates across verticals including government and public services, manufacturing, telecom, retail, transportation and logistics, healthcare and education.