TAIPEI, Might 2, 2025/ PRNewswire/– Gogoro Inc. (” Gogoro,” “the Business” or “We”) GGR, an international innovation leader in battery switching communities that allow sustainable movement options for cities, revealed that on April 28, 2025 it got approval from the Listing Credentials Department of the Nasdaq Stock Exchange (” Nasdaq”) to move the listing of the Business’s regular shares GGR (the “Regular Shares”) and warrants GGROW (jointly, the “Securities”) from the Nasdaq Global Select Market to the Nasdaq Capital Market. The listing of the Business’s Securities were moved to the Nasdaq Capital Market at the opening of company on April 30, 2025
As formerly divulged, on November 1, 2024, the Business got a letter from Nasdaq suggesting that the Business was not in compliance with Nasdaq Listing Guideline 5450( a)( 1 ), as the closing quote cost of the Ordinary Shares had actually been listed below US$ 1.00 per share for the previous 30 successive company days. The Business was provided a preliminary compliance duration of 180 calendar days, or up until April 28, 2025, to restore compliance with the minimum quote cost requirement. On April 18, 2025, the Business sent an application to move the listing of its Securities from the Nasdaq Global Select Market to the Nasdaq Capital Market, and was given approval on April 28, 2025 In combination with the approval of transfer to the Nasdaq Capital Market, Nasdaq likewise approved the Business an extra duration of 180 calendar days, or up until October 27, 2025, to restore compliance with the minimum quote cost requirement. If at any time before October 27, 2025, the closing quote cost of the Ordinary Shares is at least $ 1.00 per share for a minimum of 10 successive company days, Nasdaq will offer written verification of compliance for ongoing listing on the Nasdaq Capital Market. If, nevertheless, compliance can not be shown by October 27, 2025, the personnel of Nasdaq will offer written alert to the Business that the Securities will be delisted.
Gogoro does not expect a product effect on the trading of the Securities as an outcome of the transfer of noting to the Nasdaq Capital Market.
About Gogoro
Established in 2011 to reassess metropolitan energy and motivate the world to move through cities in smarter and more sustainable methods, Gogoro leverages the power of development to alter the method metropolitan energy is dispersed and taken in. Acknowledged by Fortune as a “Modification the World 2024” business; Quick Business as “ Asia-Pacific’s The Majority Of Ingenious Business of 2024″; Frost & & Sullivan as the “2024 Worldwide Business of the Year for battery switching for electrical two-wheel cars”; and, MIT Innovation Evaluation as one of “15 Environment Tech Business to See” in 2024, Gogoro’s battery switching and car platforms provide a wise, tested, and sustainable long-lasting community for providing a brand-new technique to metropolitan movement. Gogoro has rapidly end up being a development leader in car style and electrical propulsion, clever battery style, battery switching, and advanced cloud services that use expert system to handle battery charging and accessibility. The difficulty is enormous, however the chance to interfere with the status quo, develop brand-new requirements, and accomplish brand-new levels of sustainable transport development in largely inhabited cities is even higher. To learn more, check out www.gogoro.com/news and follow Gogoro on Twitter: @wearegogoro.
Positive Declarations
This interaction consists of positive declarations within the significance of Area 27A of the Securities Act of 1933, as modified, and Area 21E of the Securities Exchange Act of 1934, as modified. Positive declarations normally connect to future occasions or Gogoro’s future monetary or running efficiency. Sometimes, you can recognize positive declarations since they include words such as “may,” “will,” “should,” “anticipates,” “strategies,” “prepares for,” “going to,” “could,” “means,” “target,” “tasks,” “considers,” “thinks,” “price quotes,” “anticipates,” “prospective” or “continue” or the unfavorable of these words or other comparable terms or expressions that issue Gogoro’s expectations, technique, top priorities, strategies or intents. Positive declarations in this interaction consist of, however are not restricted to, declarations about the transfer of listing of the Securities to the Nasdaq Capital Market and its effect on trading of the Securities and declarations about Business’s strategy or possibility of gaining back compliance with Nasdaq’s minimum quote cost requirement.
Gogoro’s expectations and beliefs concerning these matters might not emerge, and real lead to future durations undergo dangers and unpredictabilities that might trigger real outcomes to vary materially from those forecasted, consisting of dangers associated with macroeconomic aspects consisting of inflation and customer self-confidence, dangers associated with the Taiwan scooter market, dangers associated with political stress, Gogoro’s capability to efficiently handle its development, Gogoro’s capability to launch and increase the production of its items and manage its production expenses and handle its supply chain concerns, Gogoro’s dangers associated to capability to broaden its sales and marketing capabilities, Gogoro’s capability to broaden efficiently into brand-new markets, forex variations, Gogoro’s capability to establish and keep relationships with its partners, dangers associated with possible flaws of Gogoro’s product or services and item remembers, regulative dangers and Gogoro’s dangers associated to tactical cooperations, dangers associated with the Taiwan market, India market, Philippines market and other global markets, alliances or joint endeavors consisting of Gogoro’s capability to participate in and perform its strategies associated with tactical cooperations, alliances or joint endeavors in order for such tactical cooperations, alliances or joint endeavors to be effective and create earnings, the capability of Gogoro to be effective in the B2B market, dangers associated with Gogoro’s capability to accomplish functional performances, Gogoro’s capability to raise extra capital, the dangers associated with the requirement for Gogoro to invest more capital in tactical cooperations, alliances or joint endeavors, dangers connecting to the effect of forex and the threat of Gogoro needing to change the accounting treatment connected with its joint endeavors. The positive declarations consisted of in this interaction are likewise based on other dangers and unpredictabilities, consisting of those more completely explained in Gogoro’s filings with the Securities and Exchange Commission (” SEC”), consisting of in Gogoro’s Kind 20-F for the year ended December 31, 2023, which was submitted on March 29, 2024 and in its subsequent filings with the SEC, copies of which are offered on the SEC’s site at www.sec.gov. The positive declarations in this interaction are based upon details offered to Gogoro since the date hereof, and Gogoro disclaims any commitment to upgrade any positive declarations, other than as needed by law.
SOURCE Gogoro