TAIPEI, Taiwan, March 12, 2026 — Battery-swapping ecosystem leader Gogoro Inc. (Nasdaq: GGR) announced today that it signed a Share Purchase Agreement (SPA) on March 11, 2026, with its primary shareholder, Gold Sino Assets Limited (“Gold Sino”). Gold Sino, which currently owns 31.4% of the company’s outstanding shares, has committed to a new equity investment of approximately US$16.7 million. This agreement has received approval from both the company’s board of directors and its audit committee. This investment marks the first capital injection secured by Mr. Yin Chung Yao—a Gogoro director and Gold Sino affiliate—as part of the commitment he made to the company’s lenders, led by Mega International Commercial Bank Co., Ltd., on September 16, 2025.
Under the terms of the SPA, Gold Sino will purchase 5,300,000 newly issued ordinary shares at a price of US$3.15 per share, totaling US$16,695,000. This price represents a 10% discount compared to the 30-day volume-weighted average price as of March 6, 2026. Following the transaction, Gold Sino’s stake in the company is projected to reach 49%.
The newly issued shares will not be registered with the U.S. Securities and Exchange Commission; however, the company has provided Gold Sino with standard registration rights for these shares.
The transaction is expected to close by March 31, 2026, pending customary closing conditions and necessary Nasdaq clearances.
About Gogoro
Established in 2011 with a mission to transform urban energy, Gogoro is a global pioneer in battery-swapping electric mobility. With nearly 700,000 riders and over 800 million battery swaps completed across more than 2,700 GoStation sites, the Gogoro Network is reshaping urban transportation. The company has received numerous accolades in 2024, including recognition from Fortune’s “Change the World,” Fast Company’s “Asia-Pacific’s Most Innovative Company,” MIT Technology Review’s “15 Climate Tech Companies to Watch,” and Frost & Sullivan’s “Global Company of the Year” for battery swapping. Gogoro remains dedicated to advancing cleaner, smarter mobility solutions.
Forward-Looking Statements
This release includes forward-looking statements as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements, which concern future performance or events, often use terms such as “may,” “will,” “expects,” “plans,” “anticipates,” “intends,” “believes,” or similar language. Such statements specifically include details regarding the New Equity Investment.
These projections are subject to various risks and uncertainties that could cause actual results to differ, including macroeconomic conditions like inflation, consumer sentiment, geopolitical tensions, and the competitive landscape in Taiwan, India, the Philippines, and other international markets. Additional risks involve the company’s ability to manage growth, control manufacturing costs, navigate supply chain challenges, execute strategic collaborations, and secure further capital. Further details on these risks are available in Gogoro’s SEC filings, including its Form 20-F for the year ended December 31, 2024, filed on March 31, 2025. Gogoro assumes no obligation to update these forward-looking statements, except as required by law.
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