Gogoro announced it has entered into a share purchase agreement with its largest shareholder, Gold Sino Assets Limited, for a new equity investment of approximately $16.7 million. The investment involves the subscription of 5.3 million newly issued ordinary shares at a total price of $16,695,000, reflecting a per-share subscription price of $3.15. The price represents a 10% discount to the company’s 30-day volume weighted average price as of March 6, 2026.
Gold Sino currently holds about 31.4% of Gogoro’s outstanding shares. Upon completion of the transaction, its ownership is expected to rise to approximately 49%.
The agreement was approved by Gogoro’s audit committee and board of directors. The company said the investment will be the first equity funding secured by director Yin Chung Yao, an affiliate of Gold Sino, as part of commitments previously provided to the company’s lenders led by Mega International Commercial Bank.
The newly issued shares will not initially be registered with the U.S. Securities and Exchange Commission, though Gold Sino will receive customary registration rights related to those shares.
The transaction is subject to standard closing conditions, including any required Nasdaq clearance. Gogoro expects the investment to close on or before March 31, 2026.
Founded in 2011, Gogoro develops battery-swapping ecosystems for electric scooters and other urban mobility solutions. The company’s network currently supports nearly 700,000 riders and has facilitated more than 800 million battery swaps through over 2,700 GoStation locations.
