Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 58

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 3
Chunk 58
---
 at any time during the 180-day compliance period, the closing bid price of Gogoro Ordinary Shares is US$1.00 per share or higher for at least ten consecutive business days, Nasdaq will provide us written confirmation of compliance and the matter will be closed. In the event we do not regain compliance by April 28, 2025, subject to the determination by the staff of Nasdaq, we may be eligible for an additional 180-day compliance period if we apply to transfer the listing of Gogoro Ordinary Shares to the Nasdaq Capital Market. To qualify, we will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of our intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary.

To address this issue, we have been monitoring the market conditions of Gogoro Ordinary Shares and are still considering our options. During the compliance period, Gogoro Ordinary Shares will continue to be listed and traded on Nasdaq Global Select Market, subject to our compliance with other Nasdaq continued listing standards and other rights of the Nasdaq to delist Gogoro Ordinary Shares.

Should we fail to regain compliance with Nasdaq’s continued listing requirements during the compliance period or encounter any additional non-compliance, Gogoro Ordinary Shares may be delisted from Nasdaq, and the liquidity and the trading price of Gogoro Ordinary Shares could be materially and adversely affected.

Sales of a substantial number of Gogoro Ordinary Shares and Public Warrants in the public market could cause the market price of Gogoro Ordinary Shares and Public Warrants to fall.

Sales of a substantial number of Gogoro Ordinary Shares or Public Warrants in the public market could occur at any time. If our shareholders sell, or the market perceives that our shareholders intend to sell, substantial amount of Gogoro Ordinary Shares or Public Warrants in the public market, the market price of Gogoro Ordinary Shares and Public Warrants could decline significantly. These sales, or the possibility that these sales may occur, also might make it more difficult for us to sell equity securities in the future at a time and at a price that we deem appropriate. We believe that the likelihood that Warrant holders will exercise their Warrants, and therefore the amount of cash proceeds that we would receive, is dependent upon the market price of the Gog