Polestar Plans Nasdaq SPAC Listing That Values EV Maker At $20 Billion - NewsBreak

Polestar, a Swedish electric carmaker jointly-owned by Volvo and China's Geely, said Monday it plans to list on the Nasdaq through a Special Acquisition Company backed by billionaire investor Alec Gores and investment bank Guggenheim Partners. The merger will include cash proceeds of around $800 million and $250 million in...