Gogoro Inc. announced it has entered into a share and warrant purchase agreement to issue 32,516,095 ordinary shares, par value US$0.0001 per share reflecting a per share purchase price of approximately $1.5377 per share for gross proceeds $49,999,999.2815 and a warrant to purchase 10,838,698 ordinary shares, for aggregate gross proceeds of $49,999,999.2815 on May 31, 2024. The transaction includes participation from returning investor, Gold Sino Assets Limited. The Warrant is immediately exercisable upon issuance and will expire upon the earlier of the fifth anniversary of the issuance date or the consummation of certain fundamental transactions of Gogoro.

The closing of the sale and purchase of the Purchased Securities is subject to the satisfaction or waiver of certain customary closing conditions, and is expected to occur within the next few days. The Purchase Agreement contains customary representations, warranties and covenants of the parties.