Polestar Completes Business Combination with Gores Guggenheim and Lists on Nasdaq

June 23, 2022

Polestar completed its business combination with special purpose acquisition company Gores Guggenheim, raising approximately $890 million in gross proceeds and beginning to trade on the Nasdaq under the ticker PSNY. The transaction positions Polestar to accelerate global expansion and product launches, supported by capital from a committed PIPE and cash held in trust.

Buyers
Gores Guggenheim, Inc.
Targets
Polestar Performance AB (Polestar Automotive Holding UK PLC)
Industry
Automotive
Location
Västra Götaland County, Sweden
Transaction Type
Buyout

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