Gogoro Announces Receipt of Nasdaq Notice
Gogoro (Nasdaq: GGR) has received a notification from Nasdaq indicating that for the last 30 consecutive business days, its ordinary shares' closing bid price was below the minimum requirement of $1.00. The company has been granted a 180-day compliance period until April 28, 2025, to meet the minimum bid price requirement. If the closing bid price remains at $1.00 or higher for at least ten consecutive business days during this period, Gogoro will regain compliance. If unsuccessful, the company may be eligible for an additional 180-day period by transferring to the Nasdaq Capital Market, provided it meets other listing requirements.
Gogoro (Nasdaq: GGR) ha ricevuto una notifica da Nasdaq che segnala che, per i ultimi 30 giorni lavorativi consecutivi, il prezzo di chiusura delle sue azioni ordinarie è stato al di sotto del requisito minimo di $1,00. L'azienda ha ricevuto un periodo di conformità di 180 giorni fino al 28 aprile 2025 per soddisfare il requisito del prezzo minimo di offerta. Se il prezzo di chiusura rimane a $1,00 o superiore per almeno dieci giorni lavorativi consecutivi durante questo periodo, Gogoro riacquisterà la conformità. In caso contrario, l'azienda potrebbe essere idonea per un ulteriore periodo di 180 giorni trasferendosi al Nasdaq Capital Market, a patto di soddisfare altri requisiti di quotazione.
Gogoro (Nasdaq: GGR) ha recibido una notificación de Nasdaq indicando que durante los últimos 30 días hábiles consecutivos, el precio de cierre de sus acciones ordinarias ha estado por debajo del requisito mínimo de $1.00. La compañía ha obtenido un período de cumplimiento de 180 días hasta el 28 de abril de 2025 para cumplir con el requisito del precio mínimo de oferta. Si el precio de cierre se mantiene en $1.00 o más durante al menos diez días hábiles consecutivos durante este período, Gogoro recuperará la conformidad. Si no tiene éxito, la empresa puede ser elegible para un período adicional de 180 días al transferirse al Nasdaq Capital Market, siempre que cumpla con otros requisitos de cotización.
고고로 (Nasdaq: GGR)는 최근 30일 연속 거래일 동안 자사의 보통주 종가가 최소 요구 사항인 $1.00 이하였다는 나스닥의 알림을 받았습니다. 회사는 2025년 4월 28일까지 180일의 준수 기간을 부여받아 최소 매도 가격 요구 사항을 충족해야 합니다. 이 기간 동안 종가가 $1.00 이상으로 10일 이상 연속 유지되면 고고로는 준수를 회복하게 됩니다. 만약 실패할 경우, 회사는 다른 상장 요건을 충족할 경우 나스닥 캐피탈 마켓으로 이전하여 추가 180일 기간을 받을 수 있습니다.
Gogoro (Nasdaq: GGR) a reçu une notification de Nasdaq indiquant que pendant les 30 derniers jours ouvrables consécutifs, le prix de clôture de ses actions ordinaires était inférieur au minimum requis de $1,00. La société a obtenu une période de conformité de 180 jours jusqu'au 28 avril 2025 pour satisfaire à l'exigence du prix d'offre minimum. Si le prix de clôture reste à $1,00 ou plus pendant au moins dix jours ouvrables consécutifs durant cette période, Gogoro regagnera sa conformité. Si cela échoue, l'entreprise pourrait être éligible pour une période supplémentaire de 180 jours en se transférant sur le Nasdaq Capital Market, sous réserve de satisfaire à d'autres critères de cotation.
Gogoro (Nasdaq: GGR) hat eine Mitteilung von Nasdaq erhalten, die darauf hinweist, dass der Schlusskurs ihrer Stammaktien in den letzten 30 aufeinanderfolgenden Börsentagen unter dem Mindestwert von $1,00 lag. Das Unternehmen hat einen 180-Tage-Konformitätszeitraum bis zum 28. April 2025 erhalten, um die Mindestanforderung für den Angebotspreis zu erfüllen. Wenn der Schlusskurs während dieses Zeitraums für mindestens zehn aufeinanderfolgende Börsentage bei $1,00 oder höher bleibt, wird Gogoro die Konformität wiedererlangen. Andernfalls kann das Unternehmen für einen zusätzlichen Zeitraum von 180 Tagen in den Nasdaq Capital Market wechseln und muss dafür andere Listungsvoraussetzungen erfüllen.
- Eligible for additional 180-day compliance period if initial period is unsuccessful
- Opportunity to transfer listing to Nasdaq Capital Market as alternative solution
- Stock price below $1.00 minimum requirement for 30 consecutive business days
- Risk of potential delisting from Nasdaq if compliance is not achieved
- May need to implement reverse stock split to maintain listing
Insights
The Nasdaq minimum bid price notice is a significant concern for Gogoro and its investors. With the stock trading below
Pursuant to the Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until April 28, 2025, to regain compliance under the Nasdaq Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company's ordinary shares is
The Nasdaq notification letter does not affect the Company's business operations, and the Company will take all reasonable measures to regain compliance within the prescribed grace period.
About Gogoro
Founded in 2011 to rethink urban energy and inspire the world to move through cities in smarter and more sustainable ways, Gogoro leverages the power of innovation to change the way urban energy is distributed and consumed. Recognized by Fortune as a "Change the World 2024" company; Fast Company as "
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Gogoro's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Gogoro's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this communication include, but are not limited to, statements about the Company's plan or prospect of regaining compliance with Nasdaq's minimum bid price requirement.
Gogoro's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks related to macroeconomic factors including inflation and consumer confidence, risks related to the
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SOURCE Gogoro Inc.
FAQ
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