Gogoro Inc. Transfers Equity Listing to the Nasdaq Capital Market

Core Viewpoint - Gogoro Inc. has received approval to transfer its listing from the Nasdaq Global Select Market to the Nasdaq Capital Market due to non-compliance with minimum bid price requirements [1][2]. Company Summary - Gogoro is a global technology leader in battery swapping ecosystems aimed at sustainable urban mobility solutions, founded in 2011 [4]. - The company has been recognized for its innovation and impact, receiving accolades such as "Change the World 2024" by Fortune and "Most Innovative Company of 2024" by Fast Company [4]. - Gogoro's business model focuses on battery swapping and electric vehicle platforms, leveraging advanced technology and artificial intelligence for battery management [4]. Listing Transfer Details - The transfer of Gogoro's ordinary shares and warrants to the Nasdaq Capital Market took effect on April 30, 2025, following a compliance issue where the closing bid price fell below $1.00 for 30 consecutive business days [1][2]. - The company was granted an additional 180 calendar days, until October 27, 2025, to regain compliance with the minimum bid price requirement [2]. - If the closing bid price reaches at least $1.00 for 10 consecutive business days before the deadline, Nasdaq will confirm compliance for continued listing [2]. Market Impact - Gogoro does not expect a material impact on the trading of its securities due to the transfer to the Nasdaq Capital Market [3].