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EV company Polestar may go public through merger with Gore Guggenheim SPAC

Polestar is nearing a deal to go public by way of a merger with a special-purpose acquisition firm that will worth the Swedish electric-vehicle maker at $20 billion together with debt, in accordance with individuals accustomed to the matter.

Polestar, owned by Chinese language automotive maker Zhejiang Geely Holding Group Co., is in superior talks with Gores Guggenheim Inc. 
GGPI,
+0.30%

 and will attain a deal this week, the individuals mentioned, assuming talks don’t collapse.

https://www.marketwatch.com/story/ev-company-polestar-may-go-public-through-merger-with-gore-guggenheim-spac-11632697791?rss=1&siteid=rss | EV firm Polestar could go public by way of merger with Gore Guggenheim SPAC

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