Gogoro announces 1-for-20 share consolidation

Gogoro (GGR) announced that it will implement a 1-for-20 share consolidation of the company’s ordinary shares, effective at 00:00 a.m. Eastern Time on Monday, October 6. The consolidation is intended to increase the per-share trading price of the ordinary shares to enable the company to regain compliance with the minimum bid price requirement for continued listing on Nasdaq. The company’s ordinary shares are expected to begin trading on a split-adjusted basis when the markets open on Monday, October 6 under the existing trading symbol.