Press release
Investigation announced for Investors in shares of Polestar Automotive Holding UK PLC (NASDAQ: PSNY) over potential Wrongdoing
An investigation on behalf of investors in Polestar Automotive Holding UK PLC (NASDAQ: PSNY) shares over potential wrongdoing.
Investors who purchased shares of Polestar Automotive Holding UK PLC (NASDAQ: PSNY) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Polestar Automotive Holding UK PLC officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Gores Guggenheim, Inc was a special purpose acquisition company that was formed in for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase and filed its S1 filing with the SEC in February 2021.
In September 2021, Polestar announced its intention to list as a public company on Nasdaq in a business combination agreement with Gores Guggenheim, Inc.
Shares of Gores Guggenheim, Inc. (formerly Nasdaq: GGPI) subsequently traded as high as $16.41 per share in November 2021.
On June 23, 2023, Polestar Performance AB and its affiliates ("Polestar" or the "Company") and Gores Guggenheim, Inc. ("Gores Guggenheim") (GGPIW and GGPIU), a special purpose acquisition company ("SPAC") formed by affiliates of The Gores Group and Guggenheim Capital, LLC, announced the completion of their previously announced business combination (the "Business Combination"). The combined company retained the Polestar name and commenced trading on the Nasdaq under the new ticker symbol "PSNY" on June 24, 2022.
Shares of Polestar Automotive Holding UK PLC (NASDAQ: PSNY) declined have since declined to $3.48 per share on August 18, 2023.
Those who purchased shares of Polestar Automotive Holding UK PLC (NASDAQ: PSNY) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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