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Gores Guggenheim, Inc. Stock Price

NasdaqCM:GGPI Community·US$1.1b Market Cap

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GGPI Share Price Performance

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Fri, 15 May 26

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Snowflake Analysis

Overvalued with weak fundamentals.

4 Risks

0 Rewards

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Gores Guggenheim, Inc. Key Details

Last Reported Earnings

Mar 31, 2022

Next Reporting Earnings

n/a

: -0.65
: 0%
: 0%
: -2.2%

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About GGPI

Founded: 2020
Employees: n/a
CEO: n/a
WebsiteView website: www.gores.com/portfolio/gores-guggenheim-inc-2

As of June 23, 2022, Gores Guggenheim, Inc. was acquired by Polestar Performance AB, in a reverse merger transaction. Gores Guggenheim, Inc. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boulder, Colorado.

Recent GGPI News & Updates

Seeking Alpha • Jun 21

Is Gores Guggenheim A Buy Ahead Of Its Merger With Polestar?

GGPI shareholders will be voting on its proposed merger with Swedish EV maker Polestar on Wednesday, June 22. Upon approval of the transaction, Polestar could be making its debut on Nasdaq under the ticker "PSNY" as soon as later this week. The stock is currently trading at its implied transaction enterprise value with no post-close premium in sight, a rare occurrence compared to blockbuster EV IPOs observed in the past two years. GGPI remains attractive at current levels, considering Polestar's growth prospects buoyed by key near-term catalysts that include the launch of its flagship SUV later this year, and continued expansion across core EV regions later this year.

Seeking Alpha • May 18

Gores Guggenheim-Polestar: A Promising EV Player

Gores Guggenheim is set to merge with Polestar. The transaction is projected to close on 1H22 and a few weeks remain. Polestar is unlike other EV pure-plays and already has meaningful revenues, production, scale, deliveries, and global presence. Polestar’s non-capital-intensive approach as it leverages its parent’s infrastructure and manufacturing facilities is a gamechanger and has served them well in terms of production and deliveries thus far.

Seeking Alpha • Apr 07

What You Need To Know Ahead Of The Upcoming GGPI-Polestar Merger

Gores Guggenheim ("GGPI") announced its planned de-SPAC transaction with Volvo- and Geely-backed electric vehicle maker Polestar last year. The transaction is expected to close in the first half of 2022. The GGPI stock continues to trade at a discount to other EV pureplays, despite already-contracted valuation multiples across the board amid a risk-off market environment fueled by mounting macroeconomic headwinds. Considering Polestar's operational efficiency and asset light advantage compared to other pre-revenue and early-stage production ramp EV peers, as well as its longer-term fundamental growth prospects, GGPI's stock will likely see renewed upside momentum ahead of a valuation re-rate event post-merger.

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