Polestar Rises on $300M Equity Investment

Dow Jones12-22 23:42

By Elias Schisgall

Polestar shares rose after the electric vehicle maker received a $300 million equity investment and said it was converting another $300 million of debt into equity.

Shares were up 7.6% to $13.76 in Monday morning trading. The stock is down 56% this year.

The company said Friday that Banco Bilbao Vizcaya Argentaria and Natixis had each agreed to invest $150 million. The two banks have a put option arrangement with a subsidiary of Geely Sweden Holdings to provide an exit path in three years with certain returns, Polestar said.

Polestar also said Geely had agreed to convert roughly $300 million in debt into an equity stake in the company.

"These transactions significantly enhance our liquidity position and help strengthen our balance sheet," Polestar Chief Executive Michael Lohscheller said Friday.

The equity investments are expected to close by Tuesday. Bank of America Securities advised Polestar on the transaction.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

December 22, 2025 10:42 ET (15:42 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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