Investigation announced for Investors who lost money with shares of Gogoro Inc. (NASDAQ: GGR)

An investigation was announced for investors of Gogoro Inc. (NASDAQ: GGR) shares over potential securities laws violations by Gogoro Inc. in connection with certain financial statements.

Investors who purchased shares of Gogoro Inc. (NASDAQ: GGR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Gogoro Inc. (NASDAQ: GGR) concerning whether a series of statements by Gogoro Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Taiwan based Gogoro Inc. provides battery swapping services in Taiwan, India, and internationally. Gogoro Inc. reported that its annual Total Revenue declined from $382,82 million in 2022 to $349.84 million in 2023, and that its Net Loss declined from $98.9 million in 2022 to $76.03 million in 2023.

On September 13, 2024, Gogoro Inc. filed with the SEC a current report on Form 6-K. In this current report, Gogoro announced that it had "conducted internal investigations into allegations in recent media reports that the Company incorporated imported components into certain of its vehicles in violation of the requirement of the Taiwan government that certain core components of the electric scooters shall be produced domestically in order to be qualified for the subsidies to purchasers. During such investigations, the Company has identified certain irregularities in supply chain which caused the Company to inadvertently incorporate certain imported components in some of its vehicles. The Company has reported the irregularities in supply chain to the local authorities and is fully cooperating with the local authorities in their investigations, while also continuing with its internal investigations. As the internal and external investigations are still ongoing, the Company cannot predict the final outcome of such investigations."

Shares of Gogoro Inc. (NASDAQ: GGR) declined from $2.97 per share on October 10, 2023, to as low as $0.48 per share on Septebmer 23, 2024.

Those who purchased shares of Gogoro Inc. (NASDAQ: GGR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.