In order for the merger to take place, a green light is required from Gores Guggenheim’s owner.
In connection with the transaction, the company is estimated to withdraw $ 850 million (just over SEK 8.5 billion).
Polestar has previously announced that it is aiming for an IPO in New York during the year. The share will be traded under the abbreviation “PSNY”.
Polestar was founded in 2017 by the owners Volvo Cars and Geely. In 2020, 10,000 cars were delivered and according to Gores Guggenheim, 290,000 cars are expected to be delivered in 2024.