Gogoro Inc. Transfers Equity Listing to the Nasdaq Capital Market

Rhea-AI Summary

Gogoro Inc. (Nasdaq: GGR) has received approval to transfer its listing from the Nasdaq Global Select Market to the Nasdaq Capital Market, effective April 30, 2025. The transfer comes after the company failed to maintain compliance with Nasdaq's minimum bid price requirement of $1.00 per share for 30 consecutive business days. With this transfer, Gogoro has been granted an additional 180 calendar days, until October 27, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. If compliance is not achieved by the deadline, the company's securities face potential delisting.

Positive

• None.

Negative

• Company failed to maintain minimum $1.00 share price requirement on Nasdaq Global Select Market
• Risk of delisting if share price doesn't recover above $1.00 by October 27, 2025
• Downgrade from Nasdaq Global Select Market to Nasdaq Capital Market indicates deteriorating market position

Insights

Securities Market Analyst

Gogoro's transfer to Nasdaq Capital Market signals compliance issues with minimum share price requirements, indicating increased delisting risk.

Gogoro's announcement of transferring from the Nasdaq Global Select Market to the Nasdaq Capital Market represents a significant development that investors should understand clearly. This move was necessitated by the company's failure to maintain compliance with Nasdaq Listing Rule 5450(a)(1), which requires listed securities to maintain a minimum bid price of $1.00 per share. Specifically, Gogoro's ordinary shares traded below this threshold for 30 consecutive business days.

While the company characterizes this transfer as having no material impact on trading, it's important to recognize what this change represents. The Nasdaq Capital Market has less stringent listing requirements than the Nasdaq Global Select Market, effectively creating a tiered system where companies that cannot meet the higher standards can maintain a public listing under more lenient conditions.

This listing transfer provides Gogoro with an additional 180-day grace period (until October 27, 2025) to regain compliance. The compliance path is clearly defined: the stock must trade at or above $1.00 for at least 10 consecutive business days. Should Gogoro fail to achieve this benchmark by the October deadline, Nasdaq will initiate delisting procedures.

The movement to a lower-tier exchange typically signals to the market that a company is experiencing challenges maintaining basic listing requirements, which could affect investor confidence and potentially impact liquidity or institutional investment eligibility. This development places increased importance on Gogoro's upcoming financial results and strategic initiatives as the company works to address its share price performance within the allotted timeframe.

TAIPEI, May 2, 2025 /PRNewswire/ -- Gogoro Inc. ("Gogoro," "the Company" or "We") (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, announced that on April 28, 2025 it received approval from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") to transfer the listing of the Company's ordinary shares (ticker: GGR) (the "Ordinary Shares") and warrants (ticker: GGROW) (collectively, the "Securities") from the Nasdaq Global Select Market to the Nasdaq Capital Market. The listing of the Company's Securities were transferred to the Nasdaq Capital Market at the opening of business on April 30, 2025.

As previously disclosed, on November 1, 2024, the Company received a letter from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1), as the closing bid price of the Ordinary Shares had been below US$1.00 per share for the past 30 consecutive business days. The Company was given an initial compliance period of 180 calendar days, or until April 28, 2025, to regain compliance with the minimum bid price requirement. On April 18, 2025, the Company submitted an application to transfer the listing of its Securities from the Nasdaq Global Select Market to the Nasdaq Capital Market, and was granted approval on April 28, 2025. In conjunction with the approval of transfer to the Nasdaq Capital Market, Nasdaq also granted the Company an additional period of 180 calendar days, or until October 27, 2025, to regain compliance with the minimum bid price requirement. If at any time before October 27, 2025, the closing bid price of the Ordinary Shares is at least $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance for continued listing on the Nasdaq Capital Market. If, however, compliance cannot be demonstrated by October 27, 2025, the staff of Nasdaq will provide written notification to the Company that the Securities will be delisted.

Gogoro does not anticipate a material impact on the trading of the Securities as a result of the transfer of listing to the Nasdaq Capital Market.

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 "Asia-Pacific's Most Innovative Company of 2024"; Frost & Sullivan as the "2024 Global Company of the Year for battery swapping for electric two-wheel vehicles"; and, MIT Technology Review as one of "15 Climate Tech Companies to Watch" in 2024, Gogoro's battery swapping and vehicle platforms offer a smart, proven, and sustainable long-term ecosystem for delivering a new approach to urban mobility. Gogoro has quickly become an innovation leader in vehicle design and electric propulsion, smart battery design, battery swapping, and advanced cloud services that utilize artificial intelligence to manage battery charging and availability. The challenge is massive, but the opportunity to disrupt the status quo, establish new standards, and achieve new levels of sustainable transportation growth in densely populated cities is even greater. For more information, visit www.gogoro.com/news and follow Gogoro on Twitter: @wearegogoro.

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 transfer of listing of the Securities to the Nasdaq Capital Market and its impact on trading of the Securities and statements about 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 Taiwan scooter market, risks related to political tensions, Gogoro's ability to effectively manage its growth, Gogoro's ability to launch and ramp up the production of its products and control its manufacturing costs and manage its supply chain issues, Gogoro's risks related to ability to expand its sales and marketing abilities, Gogoro's ability to expand effectively into new markets, foreign exchange fluctuations, Gogoro's ability to develop and maintain relationships with its partners, risks related to probable defects of Gogoro's products and services and product recalls, regulatory risks and Gogoro's risks related to strategic collaborations, risks related to the Taiwan market, India market, Philippines market and other international markets, alliances or joint ventures including Gogoro's ability to enter into and execute its plans related to strategic collaborations, alliances or joint ventures in order for such strategic collaborations, alliances or joint ventures to be successful and generate revenue, the ability of Gogoro to be successful in the B2B market, risks related to Gogoro's ability to achieve operational efficiencies, Gogoro's ability to raise additional capital, the risks related to the need for Gogoro to invest more capital in strategic collaborations, alliances or joint ventures, risks relating to the impact of foreign exchange and the risk of Gogoro having to adjust the accounting treatment associated with its joint ventures. The forward-looking statements contained in this communication are also subject to other risks and uncertainties, including those more fully described in Gogoro's filings with the Securities and Exchange Commission ("SEC"), including in Gogoro's Form 20-F for the year ended December 31, 2023, which was filed on March 29, 2024 and in its subsequent filings with the SEC, copies of which are available on the SEC's website at www.sec.gov. The forward-looking statements in this communication are based on information available to Gogoro as of the date hereof, and Gogoro disclaims any obligation to update any forward-looking statements, except as required by law.

 

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SOURCE Gogoro

FAQ

Why did Gogoro (GGR) move from Nasdaq Global Select to Nasdaq Capital Market?

Gogoro transferred to the Nasdaq Capital Market because it failed to maintain the minimum bid price requirement of $1.00 per share for 30 consecutive business days on the Nasdaq Global Select Market.

What happens if Gogoro (GGR) stock doesn't reach $1.00 by October 27, 2025?

If Gogoro fails to demonstrate compliance by maintaining a $1.00 share price for at least 10 consecutive business days by October 27, 2025, the company's securities will face delisting from Nasdaq.

What must GGR do to maintain its Nasdaq Capital Market listing?

Gogoro must achieve a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days before October 27, 2025, to maintain its listing.

What is the difference between Nasdaq Global Select Market and Nasdaq Capital Market?

The Nasdaq Capital Market has less stringent listing requirements compared to the Nasdaq Global Select Market, making it more suitable for smaller or struggling companies.