Item 1.01 Entry into a Material Definitive Agreement.
The information set forth in the Introductory Note of this Current Report on
Form 8-K is incorporated herein by reference.
Under the Merger Agreement, the obligation of Gogoro, Merger Sub and Merger Sub
II to consummate the Business Combination is subject to the condition that the
funds contained in the Trust Account (as defined in the Merger Agreement) (after
giving effect to the exercise of the redemption rights of the Poema Global
shareholders and net of any unpaid or contingent liabilities of Poema Global
including any deferred underwriting commissions and transaction expenses),
together with the aggregate amount of proceeds from any PIPE Financing and
Permitted Equity Financing (each as defined in the Merger Agreement), equal or
exceed $400,000,000 (the "Minimum Available Cash Condition").
On April 4, 2022, Poema Global, Gogoro, Merger Sub and Merger Sub II entered
into a waiver to the Merger Agreement (the "Waiver") with respect to the waiver
of the Minimum Available Cash Condition.
A copy of the Waiver is filed herewith as Exhibit 2.3 to this Current Report on
Form 8-K and the foregoing description of the Waiver is qualified in its
entirety by reference thereto.
Assignment and Assumption Agreement
Immediately prior to the consummation of the Business Combination, Gogoro, Poema
Global, and Continental Stock Transfer & Trust Company ("Continental") entered
into an assignment and assumption agreement (the "Assignment and Assumption
Agreement"), pursuant to which Poema Global assigned to Gogoro all of its
rights, interests, and obligations in and under the Warrant Agreement, dated
January 5, 2021, by and between Poema Global and Continental, and the terms and
conditions of such Warrant Agreement were amended and restated to, among other
things, reflect the assumption of the Public Warrants and Private Warrants by
Gogoro as described above.
The foregoing description of the Assignment and Assumption Agreement and the
rights and restrictions contemplated thereby does not purport to be complete and
is qualified in its entirety by the terms and conditions of the Assignment and
Assumption Agreement, a copy of which is attached hereto as Exhibit 10.1 and is
incorporated herein by reference.
Item 1.02 Termination of a Material Definitive Agreement.
The information set forth in the Introductory Note of this Current Report on
Form 8-K is incorporated herein by reference.
On the Closing Date, in connection with the consummation of the Business
Combination, the following material agreements of Poema Global terminated in
accordance with their terms:
(i) certain Investment Management Trust Agreement, dated as of January 5, 2021,
by and between Poema Global and Continental, pursuant to which Continental
invested the proceeds of Poema Global's initial public offering in a trust
account;
(ii) certain Administrative Services Agreement, dated as of January 5, 2021,
between Poema Global and the Sponsor, pursuant to which the Sponsor provided
Poema Global with office space, secretarial and administrative services for
$10,000 per month?
(iii) certain Letter Agreement, dated as of January 5, 2021, among Poema Global,
the Sponsor and each executive officer and director of Poema Global, pursuant to
which the Sponsor and each executive officer and director of Poema Global agreed
to vote any equity of Poema Global held by him, her or it in favor of Poema
Global's initial business combination, to facilitate the liquidation and winding
up of Poema Global if an initial business combination is not consummated within
24 months, to certain transfer restrictions with respect to Poema Global's
securities, to certain indemnification obligations of the Sponsor, and Poema
Global agreed not to enter into a definitive agreement regarding an initial
business combination without the prior consent of the Sponsor; and
(iv) certain Registration and Shareholder Rights Agreement, dated January 5,
2021, among Poema Global, the Sponsor and certain equity holders of Poema
Global, which, among other things, provided for customary demand and piggy-back
registration rights for the Sponsor, and customary piggy-back registration
rights for such other equity holders.
Item 2.01 Completion of Acquisition or Disposition of Assets.
The information set forth in the Introductory Note and Item 1.02 of this Current
Report on Form 8-K is incorporated by reference herein.
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing
Rule or Standard; Transfer of Listing.
The information set forth in the Introductory Note and Item 2.01 of this Current
Report on Form 8-K is incorporated by reference herein.
In connection with the consummation of the Business Combination, on the Closing
Date, Poema Global notified The Nasdaq Stock Exchange LLC ("Nasdaq") that the
Business Combination had become effective and that Poema Global's outstanding
securities had been converted into Gogoro Ordinary Shares and Gogoro Warrants.
Poema Global requested that Nasdaq delist Poema Global's Class A ordinary
shares, redeemable warrants, and units and, as a result, trading of Poema
Global's Class A ordinary shares, redeemable warrants, and units on Nasdaq was
suspended at 4:00 p.m. on April 4, 2022. On April 4, 2022, Poema Global filed a
notification of removal from listing and registration on Form 25, thereby
commencing the process of delisting Poema Global's Class A ordinary shares,
redeemable warrants and units from Nasdaq and deregistering the securities under
Section 12(b) of the Securities Exchange Act of 1934, as amended.
Item 3.03 Material Modification to Rights of Security Holders.
The information set forth in the Introductory Note, Item 2.01 and Item 3.01
above and Item 5.01 below of this Current Report on Form 8-K is incorporated by
reference into this Item 3.03.
Item 5.01 Changes in Control of Registrant.
The information set forth in the Introductory Note and Item 2.01 of this Current
Report on Form 8-K is incorporated by reference into this Item 5.01.
As a result of the consummation of the Business Combination, a change in control
of Poema Global occurred. At the First Effective Time, all the property, rights,
privileges, agreements, powers and franchises, debts, liabilities, duties and
obligations of Merger Sub and Poema Global became the property, rights,
privileges, agreements, powers and franchises, debts, liabilities, duties and
obligations of Poema Global (as the surviving entity of the First Merger). At
the Second Effective Time, all the property, rights, privileges, agreements,
powers and franchises, debts, liabilities, duties and obligations of Poema
Global and Merger Sub II became the property, rights, privileges, agreements,
powers and franchises, debts, liabilities, duties and obligations of Merger Sub
II, which is a wholly-owned subsidiary of Gogoro. Poema Global ceased to exist
following the consummation of the Business Combination.
Item 5.02 Departure of Directors or Certain Officers? Election of Directors?
Appointment of Certain Officers? Compensatory Arrangements of
Certain Officers.
The information set forth in the Introductory Note of this Current Report on
Form 8-K is incorporated by reference herein.
In accordance with the Merger Agreement, Poema Global merged with and into
Merger Sub II and upon the Second Effective Time, Poema Global ceased to exist
and each of Poema Global's officers and directors forthwith ceased to serve as
an officer or director of Poema Global. These resignations were not a result of
any disagreement between Poema Global and the officers and directors on any
matter relating to Poema Global's operations, policies or practices.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Exhibit
2.1* Agreement and Plan of Merger, dated as of September 16, 2021, by and
among Gogoro Inc., Poema Global Holdings Corp., Starship Merger Sub I
Limited and Starship Merger Sub II Limited (incorporated by reference to
Exhibit 2.1 to Poema Global's Current Report on Form 8-K filed on
September 16, 2021 (File No. 001-39844))
2.2 Amendment No. 1 to Agreement and Plan of Merger, dated as of March 21,
2022, by and among Gogoro Inc., Poema Global Holdings Corp., Starship
Merger Sub I Limited and Starship Merger Sub II Limited (incorporated by
reference to Exhibit 2.1 to Poema Global's Current Report on Form 8-K
filed on March 21, 2022 (File No. 001-39844))
2.3 Waiver to Agreement and Plan of Merger, dated as of April 4, 2022, by
and among Gogoro Inc., Poema Global Holdings Corp., Starship Merger Sub
I Limited and Starship Merger Sub II Limited
10.1 Assignment and Assumption Agreement, dated as of April 4, 2022, by and
among Gogoro Inc., Poema Global Holdings Corp. and Continental Stock
Transfer & Trust Company.
104 Cover Page Interactive Data File - the cover page XBRL tags are embedded
within the Inline XBRL document.
* The schedules to this Exhibit have been omitted in accordance with
Regulation S-K Item 601(b)(2). Poema Global hereby undertakes to furnish
supplementally a copy of any omitted schedule to the SEC upon its request;
provided, however, that Poema Global may request confidential treatment for any
such schedules so furnished.
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