Gogoro Inc. announced that all resolutions submitted for approval at its Annual General Meeting of Shareholders (AGM) held on May 28, 2025, were passed. A key resolution approved by shareholders authorizes the Board of Directors to consolidate the company's share capital.
This authorization grants the Board the discretion to implement a share consolidation, or reverse stock split, at a ratio ranging from no consolidation to 100:1 within one year of the AGM date. The purpose of this measure is to increase the per-share trading price of Gogoro's ordinary shares.
The share consolidation is intended to help Gogoro regain compliance with Nasdaq's minimum bid price requirement, following a notice of non-compliance received in November 2024. This approval provides the company with the necessary flexibility to address its listing status.
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