IPOs

EV Maker Polestar to Go Public in $20B Gores Guggenheim SPAC Deal

Reuters is reporting that Swedish electric-car maker Polestar 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 $20 billion. The deal with Gores Guggenheim will provide Polestar cash proceeds of over $1 billion, including $800 million from the special purpose […]
September 28, 2021