On June 8, according to the Financial Associated Press, Nathan, president of Polestar China and Asia Pacific, a luxury high-performance electric brand owned by Volvo, revealed today that Polestar’s plan to list on Nasdaq in the form of a SPAC is in progress., the transaction is expected to close 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.
According to the latest news a few days ago, the progress of Polestar's landing on Nasdaq is progressing in an orderly manner, and the bell is expected to ring as soon as June.According to previous news, the stock code of Polestar is "PSNY". The listing will raise about $800 million in cash and $250 million in cash from private funds. The company's valuation after listing is about $20 billion.
