Gogoro secures $61.8 million in new equity investment from strategic investors
What happened
Gogoro Inc. announced a second round of new equity investments expected to total approximately $61.8 million. The investors, which include Gold Sino Asset Limited and Peng-Lin Investment Limited, are controlled by director Chung-Yao Yin. Gogoro will issue 24,936,057 ordinary shares to these investors at a subscription price of US$2.48 per share.
From manilatimes.net
Why it matters
The new equity investment strengthens Gogoro's capital base. Furthermore, the completion of these investments will allow Chung-Yao Yin to fully discharge his obligation under the undertaking provided to the company’s lenders led by Mega International Commercial Bank Co., Ltd.
From manilatimes.net
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- GogoroSpeculative
Gogoro might strengthen its capital base and support its growth strategy through the direct equity investment.