Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 95

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 95
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 our operations through our sales, a syndicated loan and revolving credit facilities with banks or financial institutions, other borrowings and debt capital, and contributions from shareholders.

In June 2024, we raised $50.0 million and $25.0 million through issuing ordinary shares and warrant to Gold Sino and ordinary shares to Castrol Holdings, respectively, to fund our operations.

Transactions with Gold Sino

On May 31, 2024, we entered into a share and warrant purchase agreement (including schedules and exhibits attached thereto, the “ Purchase Agreement”) with Gold Sino, one of our principal shareholders, pursuant to which we agreed to issue and sell to Gold Sino, and Gold Sino agreed to subscribe for and purchase from us, through a private placement, (i) 32,516,095 Gogoro Ordinary Shares (the “ Gold Sino Subscribed Shares”), for an aggregate purchase price of US$50 million, reflecting a per share purchase price of approximately US$1.5377 and (ii) a warrant to purchase 10,838,698 Gogoro Ordinary Shares at US$1.6915 per share (subject to certain adjustments as set forth therein) (the “ Warrant”). The Warrant is immediately exercisable upon issuance and will expire upon the earlier of the fifth anniversary of the issuance date or the consummation of certain fundamental transactions of Gogoro. We have also granted Gold Sino certain registration rights with respect to the registration of the Gold Sino Subscribed Shares and the Gogoro Ordinary Shares issuable upon exercise of the Warrant under the Securities Act. The transaction was closed in June 2024.

Pursuant to the Purchase Agreement, subject to certain exceptions, Gold Sino has agreed to certain standstill restrictions, including, among other things, that Gold Sino shall not (and shall cause its affiliates and representatives not to) (i) effect or participate in any acquisition of any securities or assets of Gogoro or any recapitalization, restructuring or other extraordinary transaction with respect to Gogoro, (ii) form or join a “group” (as defined under the Exchange Act) with respect to Gogoro, or (iii) seek representation on or to control or influence the management, board of directors or policies of Gogoro or to obtain representation on the board of directors of Gogoro. Gold Sino also agrees not to request Gogoro to amend or waive any of such restrictions.

Transactions with Castrol Holdings