Dow Jones2022-06-27
Polestar Automotive Holding UK PLC shares dropped over 10% Monday on its second day of trading on Nasdaq.
The company, created last week from a merger between special purpose acquisition company Gores Guggenheim Inc. and electric vehicle maker Polestar, began trading Friday under the ticker PSNY.
The company raised about $890 million as a result of the merger.
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