Polestar Goes Public On The Nasdaq After SPAC Merger | Carscoops carscoops
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.
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