Polestar has officially gone public and is trading on the Nasdaq exchange under the ticker symbol ‘PSNY’.is just the latest in a long line of electric vehicle makers to go public through a merger with a special purpose acquisition company over the past couple of years. It did so after merging with Gores Guggenheim. Polestar’s shares ended Friday at $13, a 15.8 per cent increase from the SPAC’s closing price on Thursday.
Ingenlath acknowledged that the company may need to generate more cash before it can become profitable and said this would likely be done through the issuing of bonds.,” he added. “We will now open a new chapter in our story that can be summarized in one word – growth. By 2025 we aim to be selling 290,000 cars per year, 10 times as many as we sold in 2021.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SPACs Wipe Out Half of Their Value as Investors Lose Appetite for Risky Growth StocksThe proprietary CNBC SPAC Post Deal Index, which is comprised of SPACs that have completed their mergers, has fallen nearly 50% this year.
Source: nbcchicago - 🏆 545. / 51 Read more »
Donald Trump’s Tech Merger in Jeopardy as Grand Juries Subpoena SPAC PartnerDigital World Acquisition Corp. says the federal investigations 'can be expected' to delay, if not end, its merger deal with Trump's company. I dont want Trump back but its clear he is being surpressed & harassed by major liberal companies. They are trying to do what the law cant do cause they can never pin anything on him. remember the Russian scandal? endless. for nothing. no apologies. And yet, we care because?
Source: THR - 🏆 411. / 53 Read more »
Company Buying Trump's Social Media App Faces Subpoenas Over DealThe SEC is investigating whether Digital World and Trump Media held substantial discussions before the special-purpose acquisition company went public last year, in violation of its SPAC status
Source: NBCLA - 🏆 319. / 59 Read more »