Gogoro Implements 1-for-20 Share Consolidation for Market Compliance
In a significant move aimed at enhancing its market presence, Gogoro Inc., a leading technology innovator in battery swapping solutions, has announced it will implement a 1-for-20 share consolidation effective at 00:00 AM Eastern Time on October 6, 2025. This consolidation, also referred to as a reverse stock split, is designed to elevate the per-share trading price of its ordinary shares. By doing so, Gogoro aims to ensure compliance with the minimum bid price requirement maintained by The Nasdaq Capital Market.
Gogoro's decision follows the approval received from its shareholders during the 2025 Annual General Meeting held on May 28, 2025. The shareholders had authorized the company’s Board of Directors to finalize the ratio for the share consolidation, which resulted in this 1-for-20 ratio. The new share price is anticipated to facilitate a more favorable trading environment, encouraging broader investor participation and engagement.
The company's ordinary shares will commence trading on a split-adjusted basis under the existing symbol "GGR" on the specified date. Along with this, a new CUSIP number, G9491K139, will be allocated, while the public warrants will maintain their previous trading symbol "GGROW" and CUSIP number.
No fractional shares will be issued as a result of this consolidation, meaning that any fractional interest occurring from the share consolidation will be canceled and returned to the pool of authorized shares. This initiative is crucial, as it will not only maintain shareholder value but also uniformly affect all shareholders without altering their percentage ownership in the company, except for those left with fractional interests.
To account for this consolidation, all outstanding equity-based awards—including warrants and earn-in shares—will be proportionally adjusted according to the 1-for-20 ratio. Notably, the exercise price for the public warrants traded on Nasdaq will be fine-tuned to $230 per share, with the total underlying shares reduced to 862,500, directly impacting all stakeholders involved.
Gogoro's shareholders holding their shares through brokers, banks, or trust organizations will see their positions automatically adjusted to reflect the new share consolidation structure without needing to take action themselves. This seamless approach is crucial for enhancing shareholder satisfaction and maintaining market stability.
In terms of growth and sustainability, Gogoro's mission revolves around revolutionizing urban mobility through efficient energy distribution. Since its inception in 2011, the company has emerged as a critical player in the battery swapping ecosystem, aiming to provide sustainable mobility solutions for urban environments. Their innovative approach has garnered recognition, being named as a top player across various industry accolades, including Fortune's "Change the World 2024" and Fast Company's recognition of being the "Most Innovative Company of 2024 in Asia-Pacific."
As Gogoro continues its journey in reshaping urban transportation, the share consolidation marks a pivotal point in its strategy to attract a wider array of investors and enhance its capital market engagement. Investors and stakeholders alike will be monitoring the shifts and adjustments resulting from this consolidation closely, looking forward to a future where sustainable urban mobility is a reality. For detailed information and updates on Gogoro’s policies and investor relations, interested parties can visit their official investor relations webpage at investors.gogoro.com.
Gogoro's decision follows the approval received from its shareholders during the 2025 Annual General Meeting held on May 28, 2025. The shareholders had authorized the company’s Board of Directors to finalize the ratio for the share consolidation, which resulted in this 1-for-20 ratio. The new share price is anticipated to facilitate a more favorable trading environment, encouraging broader investor participation and engagement.
The company's ordinary shares will commence trading on a split-adjusted basis under the existing symbol "GGR" on the specified date. Along with this, a new CUSIP number, G9491K139, will be allocated, while the public warrants will maintain their previous trading symbol "GGROW" and CUSIP number.
No fractional shares will be issued as a result of this consolidation, meaning that any fractional interest occurring from the share consolidation will be canceled and returned to the pool of authorized shares. This initiative is crucial, as it will not only maintain shareholder value but also uniformly affect all shareholders without altering their percentage ownership in the company, except for those left with fractional interests.
To account for this consolidation, all outstanding equity-based awards—including warrants and earn-in shares—will be proportionally adjusted according to the 1-for-20 ratio. Notably, the exercise price for the public warrants traded on Nasdaq will be fine-tuned to $230 per share, with the total underlying shares reduced to 862,500, directly impacting all stakeholders involved.
Gogoro's shareholders holding their shares through brokers, banks, or trust organizations will see their positions automatically adjusted to reflect the new share consolidation structure without needing to take action themselves. This seamless approach is crucial for enhancing shareholder satisfaction and maintaining market stability.
In terms of growth and sustainability, Gogoro's mission revolves around revolutionizing urban mobility through efficient energy distribution. Since its inception in 2011, the company has emerged as a critical player in the battery swapping ecosystem, aiming to provide sustainable mobility solutions for urban environments. Their innovative approach has garnered recognition, being named as a top player across various industry accolades, including Fortune's "Change the World 2024" and Fast Company's recognition of being the "Most Innovative Company of 2024 in Asia-Pacific."
As Gogoro continues its journey in reshaping urban transportation, the share consolidation marks a pivotal point in its strategy to attract a wider array of investors and enhance its capital market engagement. Investors and stakeholders alike will be monitoring the shifts and adjustments resulting from this consolidation closely, looking forward to a future where sustainable urban mobility is a reality. For detailed information and updates on Gogoro’s policies and investor relations, interested parties can visit their official investor relations webpage at investors.gogoro.com.
Topics General Business）
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