NasdaqGM:PSNYAuto
Polestar (NasdaqGM:PSNY) Valuation After $600m Geely Loan and Reverse Stock Split-Driven Turnaround Effort
Polestar Automotive Holding UK (NasdaqGM:PSNY) just followed its 1 for 30 reverse stock split with a fresh 600 million dollar subordinated loan from a Geely affiliate, a one two punch aimed squarely at liquidity and listing risk.
See our latest analysis for Polestar Automotive Holding UK.
Even with the reverse split and fresh Geely backed funding, momentum has been sharply negative. The latest 12.74 share price sits against a roughly 61 percent year to date share price return and a three year...