Gores Guggenheim Shares Rise 9% Prior to Closing of Polestar Merger

Like
1
Favorite

Gores Guggenheim Shares Rise 9% Prior to Closing of Polestar Merger

Dow Jones2022-06-21

By Chris Wack

Gores Guggenheim Inc. shares were up 9% to $10.98 after the company said it plans to close its merger with Polestar on Thursday.

Gores Guggenheim said in September 2021 it was in a deal to take Polestar, the Swedish electric performance car company, public.

The transaction is expected to raise at least $850 million in proceeds though a combination of a fully committed PIPE and cash held in trust. The cash held in trust accounts for a maximum 25% in preliminary redemption elections and assumes none of such preliminary redemption requests are withdrawn.

Following the completion of the business combination, Polestar's common stock is expected to begin trading on Nasdaq on Friday under the new ticker symbol PSNY.

Write to Chris Wack at chris.wack@wsj.com

$(END)$ Dow Jones Newswires

June 21, 2022 10:43 ET (14:43 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

Pepepepe
·2022-06-22
To the moon, the TSLA killer!
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2245856234?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-06-21 22:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2245856234","market":"us","top_or_hot":-1,"title":"Gores Guggenheim Shares Rise 9% Prior to Closing of Polestar Merger","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/GGPI\">Gores Guggenheim Inc</a>. shares were up 9% to $10.98 after the company said it plans to close its merger with Polestar on Thursday. \n</p>\n<p>\n   Gores Guggenheim said in September 2021 it was in a deal to take Polestar, the Swedish electric performance car company, public. \n</p>\n<p>\n  The transaction is expected to raise at least $850 million in proceeds though a combination of a fully committed PIPE and cash held in trust. The cash held in trust accounts for a maximum 25% in preliminary redemption elections and assumes none of such preliminary redemption requests are withdrawn. \n</p>\n<p>\n   Following the completion of the business combination, Polestar's common stock is expected to begin trading on Nasdaq on Friday under the new ticker symbol PSNY. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 21, 2022 10:43 ET (14:43 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gores Guggenheim Shares Rise 9% Prior to Closing of Polestar Merger</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGores Guggenheim Shares Rise 9% Prior to Closing of Polestar Merger\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-21 22:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Chris Wack \n\n\n \n\n\nGores Guggenheim Inc. shares were up 9% to $10.98 after the company said it plans to close its merger with Polestar on Thursday. \n\n\n   Gores Guggenheim said in September 2021 it ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4183","symbol_name":"个人用品","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2245856234","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2245856234","pubTimestamp":1655822580,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"By Chris Wack \n\n\n \n\n\nGores Guggenheim Inc. shares were up 9% to $10.98 after the company said it pla","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4183":"个人用品","CRCT":"Cricut, Inc.","PSNY":"极星汽车","BK4191":"家用电器","TERN":"Terns Pharmaceuticals, Inc.","BK4167":"医疗保健技术","OLPX":"Olaplex Holdings, Inc.","FWRG":"First Watch Restaurant Group, Inc.","BK4539":"次新股","HCTI":"Healthcare Triangle, Inc.","BK4007":"制药","BK4209":"餐馆"},"translate_title":"Gores Guggenheim股价在Polestar合并完成前上涨9%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"END":1,"GGPI":0.9,"PSNY":0.9,"ALVU":0.72,"CRCT":0.72,"FWRG":0.72,"HCTI":0.72,"OLPX":0.72,"TERN":0.72},"content_text":"By Chris Wack \n\n\n \n\n\nGores Guggenheim Inc. shares were up 9% to $10.98 after the company said it plans to close its merger with Polestar on Thursday. \n\n\n   Gores Guggenheim said in September 2021 it was in a deal to take Polestar, the Swedish electric performance car company, public. \n\n\n  The transaction is expected to raise at least $850 million in proceeds though a combination of a fully committed PIPE and cash held in trust. The cash held in trust accounts for a maximum 25% in preliminary redemption elections and assumes none of such preliminary redemption requests are withdrawn. \n\n\n   Following the completion of the business combination, Polestar's common stock is expected to begin trading on Nasdaq on Friday under the new ticker symbol PSNY. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  June 21, 2022 10:43 ET (14:43 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9043697746,"gmtCreate":1655912969985,"gmtModify":1676535731068,"author":{"id":"3574498500005872","authorId":"3574498500005872","name":"Pepepepe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":5,"crmLevelSwitch":1,"idStr":"3574498500005872","authorIdStr":"3574498500005872"},"htmlText":"To the moon, the TSLA killer!","listText":"To the moon, the TSLA killer!","text":"To the moon, the TSLA killer!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043697746","repostId":2245856234,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}