Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 165

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 18
Chunk 165
---
S AT THE BEGINNING OF THE YEAR                                                    173,885                    236,100                       217,429  
  CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR                   $                                      117,148      $             173,885      $                236,100  

(Concluded)

The accompanying notes are an integral part of the consolidated financial statements.

F-7

Table of Contents

GOGORO INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1. GENERAL INFORMATION

Gogoro Inc. (“ Gogoro”) was incorporated as an exempted company in accordance with the laws and regulations of the Cayman Islands on April 27, 2011. Gogoro is a holding company, through its subsidiaries (collectively referred to as the “ Company”), engaging in research and development, manufacture and sales and distribution of electric scooters and electric scooter enabling components, and providing battery swapping service to consumers. The Company’s principal place of business is in Taiwan, the Republic of China (R. O. C.). Gogoro’s ordinary shares are listed and quoted on the National Association of Securities Dealers Quotations (“ Nasdaq”) under the symbol "GGR" on April 5, 2022 through a merger agreement (“the Merger Agreement”) with Poema Global Holdings Corp., an exempted company incorporated with limited liability under the laws of Cayman Islands (“ Poema”). Pursuant to the merger agreement, each outstanding ordinary share of Poema was converted into one ordinary share of Gogoro. This resulted in the issuance of 13,618,735 6,393,750 A reconciliation of the listing expense is as follows:

                                                                                                         Merger Transaction in 2022                 
  Consideration                                                                                                                                     
  Fair value of ordinary shares of Gogoro, excluding Sponsor Earn-in Shares, as of the Closing Date      $                                  92,047  
  Fair value of contingent consideration as of the Closing Date (Note 12)                                                                   74,508  
                                                                                                                                           166,555  
  Less: Net liabilities of Poema as of the Closing Date                                                                                             
  Cash and cash equivalents                                                                                                                 32,145  
  Other assets                                                                                           270                                        
  Warrant liabilities                                                                                                                    ( 44,242)  
  Other liabilities                                                                                      ( 422)                                     
                                                                                                                                         ( 12,249)  
  Listing expense                                                                                                                          178,804  

Currently, the closing