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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