Gores Guggenheim SPAC to close deal with Polestar


Polestar is set to close a deal to go public through a merger with a specialist acquisition company that would value the Swedish electric vehicle maker at $ 21 billion, according to people familiar with the matter.

Polestar, owned by Chinese automaker Zhejiang Geely Holding Group Co., is in advanced talks with Gores Guggenheim Inc. and could close a deal by Monday, the people said, assuming the talks do not collapse.

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