Polestar to go public this week in Gores Guggenheim

Time:2022-06-22 17:23:28Source:

The merger between Polestar and special-purpose acquisition company (SPAC) Gores Guggenheim (GGPI.US) is expected to be approved by the latter's shareholders on June 23, according to Sina Finance.After the merger is approved, Polestar Motors is expected to trade on the Nasdaq on June 24 under the ticker symbol "PSNY."

Polestar to go public this week in Gores Guggenheim

Previously, Nathan, president of Polestar China and Asia Pacific, a luxury high-performance electric brand under Volvo, revealed today that Polestar's plan to list on Nasdaq in the form of a SPAC is in progress, and the transaction is expected to be completed in the first half of this year.In addition, Polestar plans to launch a new pure electric product every year for the next three years, with annual global sales reaching about 290,000 vehicles by the end of 2025.

In late September last year, Polestar publicly announced that it had signed a business combination agreement with Gores Guggenheim, which will be listed on Nasdaq in the first half of 2022 through the SPAC model.At the end of last year, Polestar also officially launched its listing roadshow in the United States.

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