Delphi legal advisor to Polestar in connection with Nasdaq listing and raising of approximately $890 million gross proceeds

Delphi has acted as local counsel to Polestar in the completion of the business combination with the special purpose acquisition company (SPAC) Gores Guggenheim, Inc. The combined company will retain the Polestar name and commenced trading June 24, 2022 on the Nasdaq stock exchange in New York under the new ticker symbol “PSNY”. As a result of the business combination, Polestar has raised approximately $890 million gross proceeds through a combination of a fully committed PIPE, anchored by top-tier institutions, and cash held in trust.

Delphi’s team consisted of Annika Melin Jakobsson, Andreas Wirén, Dahae Roland, Emil Blomqvist, Karin Roberts, Alexander Nilsson and Ellen Karp Jakobsson.

Polestar Automotive Holding UK PLC (Nasdaq: PSNY) (“Polestar”) is a Swedish premium electric vehicle manufacturer founded by Volvo Car AB (publ.) (together with its subsidiaries, “Volvo Cars”) and Zhejiang Geely Holding Group Co., Ltd (“Geely”), in 2017. The company is headquartered in Gothenburg, Sweden, and its vehicles are currently available and on the road in 14 global markets across Europe, North America and China. In 2021, Polestar is expanding into eight additional new markets in Europe, the middle East and Asia Pacific. Polestar cars are currently manufactured in two facilities in China, with additional future manufacturing planned in the USA. Polestar represents a unique combination of start-up agility, backed by nearly 100 years of manufacturing experience and industrial infrastructure. The listing on the Nasdaq will help Polestar achieve its plans for rapid growth, anchored by its key values of design, innovation and sustainability.