Gogoro soars as it begins trading on Nasdaq

Gogoro

05/04/2022 14:51

** Taiwanese electric scooter maker's U.S.-listed shares
 GGR.O  up 17% at $15
    ** GGR merged with SPAC Poema Global Holdings Corp in a deal
that valued Gogoro at about $2.35 bln, including debt
    ** On Monday, the SPAC rose to a record high of $14.28 and
closed at its highest of $12.74
    ** SPAC PPGH also one of the top 10 tickers on Stocktwits, a
forum where retail traders discuss strategies, with message
volumes up 189%
    ** Gogoro says it expects to receive at least $335 mln total
cash including $295 mln in proceeds from PIPE investors such as
Engine No 1, Temasek, Foxconn  2354.TW  among others
    ** Co announced merger with SPAC in Sept. 2021 

 (Reporting by Akash Sriram and Mehnaz Yasmin in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com;))