Volvo Backed Polestar Is In Spac Merger Talks With Gores Guggenheim

Polestar Said To Be In Gores Guggenheim Spac Merger Talks Bloomberg Swedish electric car maker polestar said on monday it will go public by merging with a u.s. listed blank check firm backed by billionaire alec gores and investment bank guggenheim partners at an enterprise value of $20bn. Swedish electric vehicle company polestar announced monday it is going public via special purpose acquisition company gores guggenheim, inc. in a deal worth roughly $20 billion.

Volvo Backed Polestar Is In Spac Merger Talks With Gores Guggenheim Swedish electric car brand polestar is set to complete its merger with blank check company gores guggenheim on thursday, according to a release on tuesday. the deal wil raise at least $850 million. Polestar, the electric car maker controlled by volvo car ab and its owner zhejiang geely holding group co., is in talk to go public through a merger with gores guggenheim inc. spac. Polestar and gores guggenheim, the special purpose acquisition company (spac) planning to merge with ev maker, said tuesday that they expect the deal to raise at least $850m. Polestar automotive holding uk plc is a special purpose acquisition company (spac) incorporated in the united kingdom with the primary objective of effecting a business combination, share exchange, asset acquisition or similar merger transaction with one or more businesses in the automotive sector. the company’s management team, supported by affiliates of the gores group and guggenheim.

Volvo Backed Polestar Is In Spac Merger Talks With Gores Guggenheim Polestar and gores guggenheim, the special purpose acquisition company (spac) planning to merge with ev maker, said tuesday that they expect the deal to raise at least $850m. Polestar automotive holding uk plc is a special purpose acquisition company (spac) incorporated in the united kingdom with the primary objective of effecting a business combination, share exchange, asset acquisition or similar merger transaction with one or more businesses in the automotive sector. the company’s management team, supported by affiliates of the gores group and guggenheim. Polestar, a premium swedish electric vehicle firm backed by volvo car group and academy award winner leonardo di caprio, agreed to go public through a merger with a blank check company gores guggenheim inc at a $20b (approx €17b) enterprise valuation. Gores guggenheim, a special purpose acquisition company formed by gores group and guggenheim capital, agreed to merge with polestar performance, a global electric performance car company. Volvo said on monday it will make additional equity investments in polestar of up to $600 million and is expected to hold about 50 percent of the combined company. Swedish electric car maker polestar, a unit of geely automobile owned volvo car, is reportedly launching an initial public offering through a merger with special purpose acquisition company gores.