Polestar Performance/Gores Guggenheim Inc

[PP78 (Phil JP)]

Polestar EV company have merged with Gores Guggenheim Inc (GGPI on NASDAQ), a SPAC.

I think they have a lot of potential. Already a quality EV maker who were spun out of Volvo.

Polestar is the latest electric car company to go public

[GoAt (Steve)]

Already mentioned here:

Polestar - PSNY - Share Chat

One thing that would concern me “ Current equity holders of Polestar, who will roll their entire interest in the combined company, will retain about 94% ownership, it said.” 94% the float for this company will be tiny! Also not sure how it works when they’re a separate company and still being used as branding on the new Volvo EV’s.

[PP78 (Phil JP)]

Ah thanks! I did have a quick scroll before posting but didn’t spot it.