NasdaqGM:PSNYAuto
A Look At Polestar Automotive Holding UK (NasdaqGM:PSNY) Valuation After Its US$400m Private Placement Announcement
Private placement draws fresh attention to Polestar Automotive Holding UK (NasdaqGM:PSNY)
Polestar Automotive Holding UK (NasdaqGM:PSNY) has agreed to a private placement of over 20,682,000 new Class A American Depositary Shares, raising about US$400m from entities linked to Sumitomo Mitsui Banking Corporation and Standard Chartered.
The deal is priced at US$19.34 per share and is expected to close by February 5, 2026. It brings in institutional capital while keeping each new investor below a...