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Polestar Automotive (Gores Guggenheim) Priced, Nasdaq: PSNY

Blank check company formed by The Gores Group and Guggenheim Partners (completed 6/23/2022).

Industry: SPAC

Latest Trade: $1.55 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: -84.5%

Industry: SPAC

We are a newly organized blank check company. Our sponsor is jointly controlled by affiliates of each of The Gores Group and Guggenheim. While we may pursue an acquisition opportunity in any business industry or sector, we intend to capitalize on the ability of our management team to identify, acquire and manage a business that can benefit from our expertise, as members of our management team have done in diverse sectors, including industrials, technology, telecommunications, media and entertainment, business services, healthcare, financial services and consumer products. We believe that our management team is well positioned to identify high quality acquisition opportunities in the marketplace and that our contacts and transaction sources, ranging from owners and directors of private and public companies, private equity funds, investment bankers, lenders, attorneys, accountants and other trusted advisors across various sectors, will allow us to generate attractive acquisition opportunities. Our team is led by Alec Gores, our Chairman, Mark Stone, our Chief Executive Officer and Andrew Rosenfield, our President, who collectively have more than 125 years of experience as entrepreneurs, operators and private equity investors.
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IPO Data
IPO File Date 02/22/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 75.0
Deal Size ($mm) $750
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/22/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 75.0
Deal Size ($mm) $750
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Deutsche Bank
Citi
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Company Data
Headquarters Boulder, CO, United States
Founded 2020
Employees 3

Polestar Automotive (Gores Guggenheim) (PSNY) Performance