EV maker Polestar goes public via SPAC deal
Polestar shares were up 15.8% from the SPAC’s final closing price on Thursday
By Shubhangi Mathur
Published - Jun 24, 2022, 09:17 PM ET
Last Updated - Mar 06, 2024, 01:06 PM EST
• Polestar shares were up 15.8% from the SPAC’s final closing price on Thursday
Electric vehicle maker Polestar (NASDAQ: PSNY) made its market debut on Friday as it went public via a merger with a special purpose acquisition company, or SPAC.
The EV maker began trading on the Nasdaq exchange, under the ticker “PSNY”, after its merger with the SPAC Gores Guggenheim.
Polestar shares were up 15.8% from the SPAC’s final closing price on Thursday, at $13.00.
