Gogoro will go public on Nasdaq after $2.35B SPAC deal

Gogoro is going public. The company, which is best known for its electric Smartscooters and swappable battery infrastructure, announced today it will list on Nasdaq through a merger with Poema Global, a SPAC affiliated with Princeville Capital. The deal sets Gogoro’s enterprise valuation at $2.35 billion and is targeted to close in the first quarter of 2022. The combined company will be known as Gogoro Inc and trade under the symbol GGR.

Assuming no redemptions, Gogoro anticipates making $550 million in proceeds, including an oversubscribed PIPE (private investment in public equity) of over $250 million and $345 million held in trust by Poema Global. Investors in the PIPE include

→ Continue reading at TechCrunch

More from author

Related posts

Advertisment

Latest posts

Right-wing media figures dishonestly use Colin Powell's death to question Covid vaccines

While Powell was fully vaccinated, he was also battling multiple myeloma, a cancer that suppresses the immune system, making him more susceptible to the...

North America's biggest container port faces record backlog

"We have about two weeks' worth of work sitting at anchor right now," Seroka said in an interview with CNN's Jake Tapper. "The question...

Sharks’ Evander Kane handed lengthy suspension by NHL for using fake vaccination card

San Jose Shark Evander Kane (9) skates off the ice during the first period of the NHL game against the...