Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 202

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 18
Chunk 202
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 through the optimization of the debt and equity balance.

Key management personnel of the Company reviewed the capital structure periodically. In order to balance the overall capital structure, the Company may adjust the amounts of loan from borrowings, the number of new shares issued or other equity instruments.

23. FINANCIAL INSTRUMENTS

a. Fair value of financial instruments that are not measured at fair value

Financial instruments not measured at fair value held by the Company included financial assets and financial liabilities measured at amortized cost. The management considered that the carrying amounts of these financial assets and financial liabilities not measured at fair value approximated their fair values or the fair values could not be measured reliably.

b. Fair value of financial instruments that are measured at fair value on a recurring basis

i. Fair value hierarchy

                                      As of December 31, 2024                                                             
                                      Level 1                      Level 2      Level 3                 Total             
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Financial liabilities at FVTPL                                                                                          
  Earnout liabilities                 $                            $            $            1,411      $          1,411  
  Earn-in liabilities                 —                            —            782                     782               
  Warrant liabilities                 293                          —            168                     461               
                                      $                            $            $            2,361      $          2,654  

                                      As of December 31, 2023                                                                          
                                      Level 1                                 Level 2      Level 3                  Total              
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Financial liabilities at FVTPL                                                                                                       
  Earnout liabilities                 $                            —          $            $            16,380      $          16,380  
  Earn-in liabilities                 —                                       —                          9,079                  9,079  
  Warrant liabilities                                              3,449      —                          1,924                  5,373  
                                      $                            3,449      $            $            27,383      $          30,832  

There were no transfers between the levels of the fair value hierarchy for the years ended December 31, 2024, 2023 and 2022. The Company did not measure any financial assets or financial liabilities at fair value on a non-recurring basis as of December 31, 2024 and 2023.

F-41

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ii.