Gogoro Announces Receipt of Nasdaq Notice

Core Viewpoint - Gogoro Inc. has received a notification from Nasdaq indicating that its ordinary shares have been below the minimum bid price of US$1.00 for the last 30 consecutive business days, but this does not currently affect the listing or trading of its shares [1][2][3] Compliance Period - The company has a compliance period of 180 calendar days, until April 28, 2025, to regain compliance with Nasdaq Listing Rules [2] - If the closing bid price reaches US$1.00 or higher for at least ten consecutive business days during this period, Nasdaq will confirm compliance [2] - If compliance is not regained by the deadline, the company may apply for an additional 180-day compliance period by transferring its listing to the Nasdaq Capital Market, provided it meets other listing requirements [2] Business Operations - The Nasdaq notification does not impact the company's business operations, and Gogoro will take reasonable measures to regain compliance within the grace period [3] Company Overview - Gogoro, founded in 2011, focuses on sustainable urban mobility solutions through battery swapping ecosystems [4] - The company has received multiple recognitions, including being named a "Change the World 2024" company by Fortune and "Asia-Pacific's Most Innovative Company of 2024" by Fast Company [4] - Gogoro is recognized as a leader in vehicle design, electric propulsion, and smart battery technology, aiming to disrupt traditional urban transportation [4]