Gogoro (GGR) has released an update.
Gogoro Inc. has entered into an agreement with Castrol Holdings International Limited for the sale of nearly 17 million shares at a price totaling $25 million. The deal, which includes ancillary agreements granting Castrol certain registration rights and a repurchase option, aims to fund strategic investments within the scope of Gogoro’s current business operations. The closing of this subscription involves the electronic exchange of documents and the transfer of funds from Castrol to Gogoro.
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