gores guggenheim polestar

But it will see us take our sustainable electric performance ambitions to the next level. The Company is truly differentiated from others given its premier vehicles . Swedish electric car maker Polestar Performance AB said Monday it is going public via a merger with special purpose acquisition company Gores Guggenheim Inc. in a deal with an implied enterprise . A representatives for Gores Guggenheim declined to comment. With over 2,300 professionals based in offices around the world, Guggenheim Partners’ commitment is to advance the strategic interests of our clients and to deliver long-term results with excellence and integrity. Citi is acting as exclusive financial advisor to Polestar and is acting as joint placement agent on the PIPE. A spokesperson for Polestar didn't immediately respond to a request for comment. Additional information about the proposed business combination, including a copy of the Business Combination Agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by Gores Guggenheim with the SEC, and will be available at www.sec.gov. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of the Company or that actual results will not differ materially from those presented in the prospective financial information. If you want to skip our detailed analysis of dividend investing, you can go directly to the 5 Best Dividend Aristocrats with over 3% Yield. Thomas Ingenlath, Chief Executive Officer of Polestar, says: "This is a really exciting time for Polestar. Upon closing of the proposed business combination, the combined company will be held […] SPAC Gores Guggenheim (GGPI)rose 5.6%on a report that it's in discussions to take electric-car maker Polestar public in a deal that could value the EV company at more than $10B.A SPAC. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended. Today we will run through one way of estimating the intrinsic value of ChemoCentryx, Inc. ( NASDAQ:CCXI ) by taking the... GOOGL stock, TaskUs and Crocs among 24 of today's fastest-growing stocks as market looks to rebound. And now, in Gores Guggenheim Inc., we have a new partner. The deal also includes a PIPE, or private investment in public equity, of $250 million from top-tier institutional investors. SPACs are publicly listed companies that are raised with the intention of merging with a private company at a later date. It will enable us to accelerate our growth, strategy and most importantly, our mission towards sustainable mobility. Electric vehicle maker Polestar could reach a deal to go public with special purpose acquisition company Gores Guggenheim Inc (NASDAQ: GGPI) on Monday, Wall Street Journal reported, citing people . Polestar’s combination of deep automotive expertise, paired with its cutting-edge technologies and agile, entrepreneurial culture, underpins the Company’s potential for growth and success. Polestar signs agreement to be publicly listed through combination with Gores Guggenheim, Inc. Download the document. Alice i Zombielandet Hon kommer inte att ge sig fÃ¶rrÃ¤n varenda zombie ligger i sin grav. The combined company will be held by a new public company that will be. Gores Guggenheim is reverse-merging in the near future with a Swedish electric vehicle manufacturer. A Division of NBCUniversal. Gores, Guggenheim Strike $20B Deal for Polestar. Bit of a mega-merger to kick off the week in SPAC land as Gores Guggenheim, Inc. (GGPI) struck a $20B deal for EV maker Polestar.GGPI, which sports . Q: When will members of the public, including Polestar customers, be able to buy shares in the new public company? Polestar is a global pure play, premium electric vehicle ("EV") company based in Sweden, with a mission to produce progressive, electric performance cars . Management of Polestar and Gores Guggenheim will host an investor conference call on Monday, September 27, 2021 at 9:00 am EDT / 3:00 pm CET to discuss the proposed business combination. Swedish electric-car maker Polestar said on Monday it will go public by merging with a U.S.-listed blank-check firm backed by billionaire Alec Gores and investment bank Guggenheim Partners at an . Yet, despite Polestar's ambitious vision for growth, CEO Thomas Ingenlath has clarified that Polestar doesn't intend to be a "Tesla killer." The Bottom Line on GGPI Stock. The rumoured talks could still fall out as no clear deal has been made between the two parties. We want to hear from you. 2m Spacling. Polestar, owned by Chinese automaker Zhejiang Geely Holding Group, is in advanced talks with Gores Guggenheim Inc. Polestar Performance AB and its affiliates ("Polestar" or the "Company"), the global electric performance car company, and Gores Guggenheim, Inc. ("Gores Guggenheim") (Nasdaq: GGPI, GGPIW and GGPIU), a special purpose acquisition company ("SPAC") formed by affiliates of The Gores Group and Guggenheim Capital, LLC, announced today that they have entered into a definitive . Swedish automaker Polestar announced a partnership with Gores Guggenheim (NASDAQ: GGPI) this morning, and GGPI stock already shot up. Polestar, a premium Swedish electric vehicle firm backed by Volvo Car Group and Academy Award winner Leonardo Di Caprio, agreed to go public through a merger with a blank-check company Gores Guggenheim Inc at a $20B (approx €17B) enterprise valuation.. With this deal, the Goteborg-based company will receive $800M (approx €684M) in cash from Gores Guggenheim and $250M (approx €214M) from . Tesla stock fell after Elon Musk moved its HQ. (Bloomberg) -- Polestar, the electric-car maker controlled by Volvo Car AB and its owner Zhejiang Geely Holding Group Co., is in talks to go public through a merger with Gores Guggenheim Inc., a blank check-firm, according to people with knowledge of the matter. My research didn't come up with an exact date for the upcoming transaction, but the wait shouldn't be very long. Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW, and GGPIU) is a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, founded by Alec Gores, and by an affiliate of Guggenheim Capital, LLC. The proposed business combination, which has been unanimously approved by both the Board of Directors of Gores Guggenheim and the Board of Directors of Polestar, is expected to close in the first half of 2022, subject to approval by Gores Guggenheim’s stockholders and other customary closing conditions. It is rare to see Alibaba Group Holding Limited's (NYSE:BABA) price-to-earnings (or "P/E") ratio of 19.1x be as close as the U.S. market median P/E of 18x. A: Following the consummation of the business combination between Polestar, a private company, with Gores Guggenheim, Inc., the combined company, named Polestar Automotive Holding UK Limited (“Polestar”) is expected to list on the Nasdaq stock market under the ticker symbol “PSNY”. Weil, Gotshal & Manges LLP and Hannes Snellman are serving as legal advisor to Gores Guggenheim and Latham & Watkins LLP is serving as legal advisor to the placement agents. The Swedish EV manufacturer is valued at appr. Inclusion of the prospective financial information in this Press Release should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. The transaction implies an enterprise value of approximately USD 20 billion for the combined company, representing approximately 3.0x 2023E revenue and 1.5x 2024E revenue. Knowing all this, wouldn’t you like to own find great dividend stocks? We believe that listing will help enable Polestar to generate the funds it needs to accelerate its strategy and growth. Heck, even when a dividend stock goes down in price, it’s not all bad news, because the dividend yield (the absolute dividend amount, divided by the stock price) gets richer the more the stock falls in price. Hittades i bokenMen det Ã¤r inte bara drÃ¶mmar som vÃ¤cks till liv, fÃ¶r pÃ¥ Templeton House finns ocksÃ¥ den man som Margo aldrig kunnat glÃ¶mma. Att vÃ¥ga drÃ¶mma Ã¤r den fÃ¶rsta delen om vÃ¤nnerna frÃ¥n Templeton House. EV maker Polestar going public via a SPAC with Gores Guggenheim. Gores Guggenheim's strategy is to identify and complete business combinations with market leading companies with strong equity stories that will benefit from the growth capital of the public equity markets and be enhanced by the experience and expertise of Gores' and Guggenheim’s long history and track record of investing in and operating businesses. The Polestar 2 electric performance fastback is the Company’s first fully electric, high volume car. Polestar has a start-up-meets-almost-100-years-of-experience profile, along with being one of only two global pure play EV brands. Polestar, the Global Electric Performance Car Company, Signs Agreement to be Publicly Listed Through Combination with Gores Guggenheim, Inc. Polestar is a global pure play, premium electric . Polestar, backed by Volvo Car Group and affiliates of Geely Chairman Eric Li, also counts Hollywood actor Leonardo DiCaprio among its investors. The historical results of the Gores SPACs, including those represented in this presentation, are not necessarily indicative of future performance of Gores Guggenheim or Polestar. Poeten Naja Marie Aidt nÃ¥s av beskedet att hennes son Carl ligger fÃ¶r dÃ¶den pÃ¥ Rigshospitalet efter en olycka. Han Ã¤r 25 Ã¥r. Naja Marie Aidt berÃ¤ttar drabbande om kvÃ¤llen nÃ¤r Carl dÃ¶r, om livet med och utan sin son. Post-merger, the combined company will be named Polestar Automotive Holding UK Limited, and it will trade under the . Justin Bieber's in the weed biz now — here are 3 stocks for the cannabis boom, Always Keep A Bread Clip With You When Traveling, ‘I don’t think there’s a lot of upside from here,’ says stock-market legend, but U.S. stocks could rise in 2022 if earnings are good, Bitcoin bull run: analysts predict record rally to end 2021, Suffering From Nail Fungus, Do This Immediately, Billionaire Peter Thiel's Palantir pops — 3 more of his ideas that could surge next, How to Use a Roth IRA to Avoid Paying Estate Taxes. Shares of UiPath (NYSE: PATH) fell 16.8% in September, according to data from S&P Global Market Intelligence. Since taking over as CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, the Oracle of Omaha has overseen the creation of nearly $600 billion in market value for shareholders, and delivered an average annual return of 20% for the company's Class A shares. A replay of the webcast can be accessed by visiting https://www.netroadshow.com/nrs/home/#!/?show=d413d154. The tax advantages of a Roth IRA also make it an excellent tool for leaving tax-free money to your heirs. When it comes to dividend investing, one must almost always consider it […]. Additional information regarding the interests of such participants will be contained in the Registration/Proxy Statement for the proposed Business Combination when available. The stock has gotten undeniably cheap since the telecom giant announced a major overhaul of its businesses, prompting an upgrade from MoffettNathanson. Like us on Facebook to see similar . 333-253338) declared effective by the SEC on March 22, 2021), and are available free of charge at the SEC’s web site at www.sec.gov, or by directing a request to Gores Guggenheim, Inc., 6260 Lookout Rd., Boulder, CO 80301, attention: Jennifer Kwon Chou. The premium EV maker's offering includes two models – a hybrid performance car known as Polestar 1 and a fully electric Polestar 2 – which are currently on roads across Europe, North America and Asia. (Reuters) -Swedish electric-car maker Polestar said on Monday it will go public by merging with a U.S.-listed blank-check firm backed by billionaire Alec Gores and investment bank Guggenheim . Polestar, the electric-car maker controlled by Volvo Car AB and its owner Zhejiang Geely Holding Group Co., is in talks to go public through a merger with Gores Guggenheim Inc., a blank check-firm . Over time, we can change how cars are made. Gores Guggenheim and certain of its directors and executive officers may be deemed participants in the solicitation of proxies from Gores Guggenheim’s stockholders with respect to the proposed Business Combination. Yet, despite Polestar's ambitious vision for growth, CEO Thomas Ingenlath has clarified that Polestar doesn't intend to be a "Tesla killer." The Bottom Line on GGPI Stock. This year's rally in the stock market has pushed the dividend yield on stocks in the S&P 500 down to a mere 1.3%. Driven by an incredible leadership team with Thomas at the helm, Polestar is well-positioned to capitalize on this exciting and dynamic time for car manufacturers. A list of the names of those directors and executive officers and a description of their interests in Gores Guggenheim is set forth in Gores Guggenheim’s filings with the SEC (including Gores Guggenheim’s final prospectus related to its initial public offering (File No. We’ve never gone it alone. For example, projections of future Adjusted EBITDA or revenue and other metrics are forward-looking statements. The call can be accessed by dialing +1 (833) 470-1428 (domestic toll-free number) or +1 (404) 975-4839 (international) and providing the conference ID 199774. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential", "forecast", "plan", "seek", "future", "propose" or "continue", or the negatives of these terms or variations of them or similar terminology. In addition, the Company has plans to launch three new models by 2024. It raised $800 million in a March initial public offering and expects to close the deal with Polestar in the first half of next year. Apartments are historically very stable investments. Download the document. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of definitive agreements with respect to proposed business combination between Gores Guggenheim, the Company, ListCo and the other parties thereto (the “Business Combination”); (2) the outcome of any legal proceedings that may be instituted against Gores Guggenheim, the combined company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (3) the inability to complete the Business Combination due to the failure to obtain approval of the stockholders of Gores Guggenheim, to obtain financing to complete the Business Combination or to satisfy other conditions to closing; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) the ability to meet stock exchange listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations of the Company as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Business Combination; (9) risks associated with changes in applicable laws or regulations and the Company’s international operations; (10) the possibility that the Company or the combined company may be adversely affected by other economic, business, and/or competitive factors; (11) the Company’s estimates of expenses and profitability; (12) the Company’s ability to maintain agreements or partnerships with its strategic partners Volvo Cars and Geely and to develop new agreements or partnerships; (13) the Company’s ability to maintain relationships with its existing suppliers and strategic partners, and source new suppliers for its critical components, and to complete building out its supply chain, while effectively managing the risks due to such relationships; (14) the Company’s reliance on its partnerships with vehicle charging networks to provide charging solutions for its vehicles and its strategic partners for servicing its vehicles and their integrated software; (15) the Company’s ability to establish its brand and capture additional market share, and the risks associated with negative press or reputational harm, including from lithium-ion battery cells catching fire or venting smoke; (16) delays in the design, manufacture, launch and financing of the Company’s vehicles and the Company’s reliance on a limited number of vehicle models to generate revenues; (17) the Company’s ability to continuously and rapidly innovate, develop and market new products; (18) risks related to future market adoption of the Company’s offerings; (19) increases in costs, disruption of supply or shortage of materials, in particular for lithium-ion cells or semiconductors; (20) the Company’s reliance on its partners to manufacture vehicles at a high volume, some of which have limited experience in producing electric vehicles, and on the allocation of sufficient production capacity to the Company by its partners in order for the Company to be able to increase its vehicle production capacities; (21) risks related to the Company’s distribution model; (22) the effects of competition and the high barriers to entry in the automotive industry, and the pace and depth of electric vehicle adoption generally on the Company’s future business; (23) changes in regulatory requirements, governmental incentives and fuel and energy prices; (24) the impact of the global COVID-19 pandemic on Gores Guggenheim, the Company, the Company’s post business combination’s projected results of operations, financial performance or other financial metrics, or on any of the foregoing risks; and (25) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Gores Guggenheim’s final prospectus relating to its initial public offering (File No. https://www.netroadshow.com/nrs/home/#!/?show=d413d154, https://www.businesswire.com/news/home/20210927005346/en/, UPDATE 1-Delhi chief minister warns of power crisis due to coal shortage, Carrefour ends interest in tie-up with Auchan -Le Figaro, Blinken to meet Israeli, UAE counterparts next week, UPDATE 1-Merkel allies quit German parliament to allow conservatives to rebuild, Tesla hopes to build 5-10,000 vehicles a week at Berlin plant - Musk, Dow Jones Fights After Jobs Blow; Tesla Falls As Elon Musk Moves HQ; Moderna Dips On Vaccine Halt, 11 Best Dividend Aristocrats with over 3% Yield, Home Depot billionaire says look out America. Premium electric vehicle manufacturer Polestar has announced an agreement to go public through a combination with Gores Guggenheim Inc. ( GGPI , Financial). Stella can't wait to start school. Polestar has faced setbacks as it aims to capitalize on its thirst for electric-vehicle innovation . Additional information regarding the interests of such participants will be contained in the Registration/Proxy Statement for the proposed Business Combination when available. There may be additional risks that neither Gores Guggenheim, the Company nor ListCo presently know or that Gores Guggenheim, the Company or ListCo currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Of course you would! Swedish electric-car maker Polestar said on Monday it will go public by merging with a U.S.-listed blank-check firm backed by billionaire Alec Gores and investment bank Guggenheim Partners at an . Nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Management of Polestar and Gores Guggenheim will host an investor conference call on Monday, September 27, 2021 at 9:00 am EDT / 3:00 pm CET to discuss the proposed business combination. The Polestar deal will be supported by cash proceeds of around $800 million from Gores Guggenheim Inc, assuming no share redemptions by public stockholders of the blank-check firm. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The Registration/Proxy Statement will contain important information about the proposed Business Combination and the other matters to be voted upon at a meeting of Gores Guggenheim stockholders to be held to approve the proposed Business Combination. Based in Gothenburg, Sweden, Polestar is a rival to Tesla Inc. and EV maker Lucid Motors. One with whom we intend to go public, pursuant to a business combination agreement which we have signed. Hon skriver med ett allvar och en overtygelse och en konstfardighet som gor att hennes dikter befinner sig inom poesins urkraft," skrev GT om hennes senaste diktsamling Silverskap.I Birgitta Lillpers samling tycks varje dikt vara som ett ... Shares of telehealth company American Well (also known as Amwell) began trading on the public market on Oct. 5, 2020, at $28.86. Stockholders will also be able to obtain copies of the Registration/Proxy Statement, the Definitive Proxy Statement and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: Gores Guggenheim, Inc., 6260 Lookout Rd., Boulder, CO 80301, attention: Jennifer Kwon Chou. Biggest stock market event in 20 years is almost here. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. For investors, especially those interested in the electric . So, now you have a clearer picture of the electric vehicle startup that Gores Guggenheim targeted for a merger deal. But that doesn't have to be the case. For example, projections of future Adjusted EBITDA or revenue and other metrics are forward-looking statements. Gores Guggenheim, led by Chairman Alec Gores and Chief Executive Officer Mark Stone, is sponsored by affiliates of Gores Group and Guggenheim Capital. Why This Week Could Be Scarier. New bacterial breakthrough scientifically proven to fight real cause of nail fungus, In this article, we discuss the 10 boring stocks that make money. This Communication does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. It raised $800 million in a March initial public offering and expects to close the deal with Polestar in the first half of next year. Reuters news agency, citing sources familiar with the planned US IPO, reports that the merger with Gores Guggenheim could give the proposed […] Guggenheim Securities, the investment banking and capital markets business of Guggenheim Partners, offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. Polestar has drawn extensively on the industrial heritage, knowledge and market infrastructure of Volvo Cars. Isaac Newton (1643â1727) fÃ¶ddes i en vÃ¤rld av mÃ¶rker, ovisshet och magi. This Press Release does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. Can it survive earnings season? A replay of the call can be accessed by dialing +1 (855) 213-8235 (domestic toll-free number) or +1 (571) 982-7683 (international) and providing the conference ID 643163#. That's when my friend told me to place a Bread Clip in my wallet when traveling. 333-253338) declared effective by the SEC on March 22, 2021, and other documents filed, or to be filed, with the U.S. Securities and Exchange Commission (the “SEC”) by Gores Guggenheim or ListCo, including the Registration/Proxy Statement (as defined below). The proposed business combination and listing position Polestar as a financially strong, future proof, global electric car company. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Gores Guggenheim and its management, and the Company and its management, as the case may be, are inherently uncertain. The Dow Jones was fighting after a weak jobs report. Upon closing of the proposed business combination, the combined company will be held by a new public company that will be named Polestar Automotive Holding UK Limited, which is expected to be listed on Nasdaq under the ticker symbol "PSNY". Polestar, the electric-car maker controlled by Volvo Car AB and its owner Zhejiang Geely Holding Group Co., is in talks to go public through a merger with Gores Guggenheim Inc., a blank check-firm, according to people with knowledge of the matter. Polestar production in America. 5 Best Mortgage Refinance of 2021, In this article, we discuss the 10 stocks better than Walmart according to hedge funds. The Polestar deal will be supported by cash proceeds of around $800 million from Gores Guggenheim, assuming no share redemptions by public stockholders of the blank-check firm. Data is a real-time snapshot *Data is delayed at least 15 minutes. What will happen when we reach the end of that supply? AT&T Stock Has Been Dead Money. For more information, please visit www.gores.com. Post merger, the combined company will be named Polestar Automotive Holding UK Ltd. and will trade under the symbol "PSNY" on the Nasdaq. Polestar remains a Swedish-headquartered global electric performance car company and we will continue to leverage our Scandinavian roots to create design-led, avant-garde electric vehicles.
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