Gogoro Secures US$16.7M Investment for 5.3M Shares at US$3.15
Gold Sino Assets will invest US$16.7M in Gogoro by buying 5.3M new shares at US$3.15, a 10% discount to the 30-day VWAP. The infusion, approved by Gogoro’s board, will boost Gold Sino’s stake to 49% upon closing, expected by March 31, subject to Nasdaq clearance.
1. New Equity Investment Details
Gogoro entered a Share Purchase Agreement with Gold Sino Assets Limited for a new equity investment of approximately US$16.7 million. Gold Sino will subscribe for 5,300,000 newly issued ordinary shares at US$3.15 each, representing a 10% discount to the 30-day VWAP.
2. Board Approval and Closing Conditions
The transaction was approved by Gogoro’s audit committee and board of directors. Closing is subject to customary conditions, including Nasdaq clearance, and is expected to occur on or before March 31.
3. Change in Shareholding
Prior to this transaction, Gold Sino held 31.4% of Gogoro’s outstanding shares. Upon completion of the investment, Gold Sino’s ownership stake will increase to approximately 49%.
4. Registration Rights and Share Issuance
The new shares will be issued without SEC registration but carry customary registration rights for Gold Sino. This fulfills an undertaking provided by a company director to support lender agreements.