Gogoro secures $16.7 million equity investment from Gold Sino

Gogoro Inc. (NASDAQ: GGR) announced it entered into a share purchase agreement with Gold Sino Assets Limited for a $16.7 million equity investment on March 11, 2026. Gold Sino, the company's largest shareholder holding 31.4% of outstanding shares, will purchase 5.3 million newly issued ordinary shares at $3.15 per share, representing a 10% discount to the 30-day weighted average price as of March 6, 2026.

The investment represents the first equity funding secured by Yin Chung Yao, a company director and Gold Sino affiliate, pursuant to an undertaking provided to lenders led by Mega International Commercial Bank Co., Ltd. announced in September 2025. Following completion of the transaction, Gold Sino's ownership in the Taiwan-based battery swapping technology company is expected to increase to 49% of total outstanding shares.

The company's audit committee and board of directors approved the agreement. Gogoro will issue unregistered ordinary shares to Gold Sino but has granted customary registration rights for the securities. The transaction remains subject to standard closing conditions, including required clearance from Nasdaq, with completion expected by March 31, 2026.

Gogoro operates a battery swapping network serving nearly 700,000 riders across more than 2,700 locations, having facilitated over 800 million battery swaps. The company, founded in 2011, focuses on sustainable urban mobility solutions through its electric mobility ecosystem.

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