Gogoro shares surge 20.97% intraday after amending NT$10.7 billion loan to relax covenants and director pledges NT$2.5 billion in new equity.

Gogoro Inc. surged 20.97% intraday after announcing amendments to its NT$10.7 billion syndicated loan, which relaxed covenants and reporting requirements, easing financial pressure. The amendment, executed with Mega International Commercial Bank, was accompanied by a director pledging NT$2.5 billion in new equity, signaling confidence in the company’s stability. Additionally, the launch of the Gogoro EZZY 500 Toy Story collaboration series, featuring themed vehicles and accessories, boosted market enthusiasm by enhancing brand visibility and targeting consumer segments. These developments collectively reinforced investor optimism, aligning with the stock’s sharp intraday rally.