Battery-swapping tech company Gogoro® and Poema Global Holdings announced that the SPAC’s shareholders voted in favor of combining the companies.
The deal is expected to deliver at least $335 million in cash to Gogoro, including $295 million in proceeds from the oversubscribed PIPE, according to the news release. As announced last September, the deal was expected to provide approximately $550 million to Gogoro.
The deal has a $400 minimum cash condition to close, although both sides said they still expect the transaction to close April 4. Gogoro shares and warrants are expected to begin trading on the Nasdaq under the symbols GGR and GGROW starting April 5.
The deadline for shareholders who redeemed shares to reverse their decision is 5 p.m. today, Eastern. Read more.
