Gogoro Announces Director Undertaking to Procure Equity Investments
TAIPEI, Sept. 16, 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, today announced that, at the request of the Company, Mr. Yin Chung Yao (“Mr. Yin”), a director of the Company and an affiliate of the Company’s largest shareholder, agreed to issue an undertaking to the lenders (the “Lenders”) led by Mega International Commercial Bank Co., Ltd. (“Mega”) that he will procure equity investments in the Company with an aggregate investment amount of NTD$2,500 million by December 31, 2026 (the “Undertaking”). The Company expects such equity investments to be made based on prevailing market price of the Company’s ordinary shares at the time of the investments subject to approval by the audit committee and the board of directors of the Company as applicable.
The Company has been in discussion with the Lenders about a potential further amendment (the “Potential Amendment”) to the syndicated credit facility agreement with Mega, as the mandated lead arranger, and the other Lenders pursuant to which Gogoro Network, Taiwan Branch was provided a 5-year term loan in the amount of NT$10,700,000,000 (the “Loan Facility”). The Undertaking was provided to facilitate discussions about the Potential Amendment.
The Company would like to note that there can be no assurance of any amendments to the Loan Facility or any equity investments in the Company to be procured by Mr. Yin. Any amendments to the Loan Facility or any equity investments in the Company are subject to further negotiation and execution of definitive agreements or transaction documents between the relevant parties and the Company and will be subject to approval by the audit committee and the board of directors of the Company as applicable.
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Gogoro Announces Director Undertaking to Procure Equity Investments, source
