Gogoro Announces 1-for-20 Share Consolidation

Core Viewpoint - Gogoro Inc. will implement a 1-for-20 share consolidation effective October 6, 2025, to increase the per-share trading price and regain compliance with Nasdaq's minimum bid price requirement [1][2]. Share Consolidation Details - The share consolidation ratio was approved by shareholders on May 28, 2025, allowing a range from no consolidation to 1-for-100, with the final decision made by the Board of Directors on September 16, 2025 [2]. - No fractional shares will be issued; any resulting fractions will be canceled and returned to the pool of authorized but unissued shares [2]. - Outstanding warrants and other equity rights will be proportionately adjusted, with the exercise price of public warrants set to $230 per share and total shares reduced to 862,500 [3]. Impact on Shareholders - The share consolidation will uniformly affect all shareholders, maintaining their percentage ownership interest, except for those with fractional interests [4]. - Registered shareholders will not need to take action to receive split-adjusted shares, as adjustments will be made automatically for those holding shares through brokers or other organizations [5]. Company Background - Gogoro, founded in 2011, focuses on sustainable urban mobility solutions through battery swapping ecosystems and has received multiple accolades for innovation and sustainability [7].