Welcome to our dedicated page for GGPIU news (Ticker: GGPIU), a resource for investors and traders seeking the latest updates and insights on GGPIU stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GGPIU's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GGPIU's position in the market.
Gores Guggenheim, Inc. announced the approval of its business combination with Polestar Performance AB, a premium electric car company, during a special meeting held on June 23, 2022. The combination is set to close on the same day, with Polestar's shares expected to trade on Nasdaq under the ticker symbol 'PSNY' starting June 24, 2022. Polestar was established in 2017 and plans to expand its electric vehicle lineup, launching one new model annually starting with the Polestar 3 SUV in October 2022.
Gores Guggenheim (GGPI) announced their business combination with Polestar is expected to close on June 23, 2022, with trading on Nasdaq under the symbol PSNY commencing June 24, 2022. The transaction aims to raise at least $850 million in gross proceeds, reflecting a preliminary redemption rate of only 25%. Special meetings for stockholders and warrant holders are scheduled for June 22, 2022. Both companies expressed optimism regarding their growth potential and market expansion following the merger.
Gores Guggenheim (NASDAQ: GGPI, GGPIU, GGPIW) is reminding stockholders to vote on the proposed business combination with Polestar, scheduled for June 22, 2022, at 9:30 a.m. ET. The board unanimously recommends voting 'FOR' the proposal and related matters as detailed in the definitive proxy statement dated May 25, 2022. Warrant holders are also urged to participate in a separate meeting at 10:00 a.m. ET on the same day to approve a warrant agreement amendment. Stockholders and warrant holders are encouraged to vote in advance and to review the Proxy Statement for critical details.
Polestar, the Swedish electric performance car brand, has reported over 32,000 customer orders for the Polestar 2 since early 2022, representing a 290% increase from the previous year. The company is expanding rapidly, operating in 25 markets and aiming to reach 30 by the end of 2023. Polestar plans to launch several new models, including the Polestar 3 SUV in October 2022 and the Polestar 4 in 2023. Additionally, the company aims to have 160 retail locations globally by the end of 2022, with a significant focus on expanding its presence in the premium SUV segment.
Polestar will return to the Goodwood Festival of Speed on 23 June 2022 to unveil its Polestar 5 prototype and the high-performance limited-edition Polestar 2 BST edition 270. The event will feature the electric roadster concept, existing product range, and exclusive test drives of the updated Polestar 2. Polestar is also moving toward a business combination with Gores Guggenheim (NASDAQ: GGPI, GGPIW, GGPIU), anticipated to close in June 2022, enhancing its position in the electric vehicle market.
Polestar has commenced the delivery of new Polestar 2 electric cars to Hertz, part of a significant agreement to supply 65,000 cars over five years. This partnership marks one of the largest orders for electric vehicles in history, with Polestar aiming to boost annual sales to around 290,000 vehicles by 2025. Since early 2022, Polestar has received over 32,000 customer orders for the Polestar 2, a 290% increase compared to 2021. The deal also includes future models like the Polestar 3 SUV, enhancing Polestar's presence in the EV market.
Gores Guggenheim reminds stockholders and warrant holders to vote for the proposed business combination with Polestar, a Swedish electric vehicle manufacturer. Voting will occur at special meetings on June 22, 2022, with the company's board unanimously recommending approval of the business combination and warrant amendment. Stockholders are encouraged to vote promptly, ensuring their voices are heard regardless of shares held. The Proxy Statement provides essential details regarding the transaction, emphasizing its significance for the company’s future.
Polestar, the Swedish electric performance car manufacturer, has announced the world premiere of its first SUV, the Polestar 3, set for October 2022. This launch enters the lucrative SUV market, particularly in the U.S. The Polestar 3 will feature a dual-motor drivetrain, a battery range exceeding 600 km, and autonomous driving capabilities through LiDAR technology. Production is slated to start in early 2023 in the U.S. and China, with plans for new car releases annually for the next three years, aiming for significant sales growth to approximately 290,000 by 2025.
Polestar has announced the launch of the limited-edition Polestar 2 BST edition 270, with only 270 units set for production targeting Europe, North America, and China. This model boasts enhanced performance with 476 hp and 502 lb-ft of torque from dual electric motors, along with extensive chassis modifications for improved handling. Production is expected to begin in mid-2022, with deliveries slated for Q4 2022. Additionally, Polestar is pursuing a business combination to list on Nasdaq via Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW, GGPIU).
