Enthusiasm about the. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff. The technical storage or access that is used exclusively for statistical purposes. Volvo said on Monday it will make additional equity investments in Polestar of up to $600 million and is expected to hold about 50 percent of the combined company. AONs Aria Glasgow on Managing ESG and Human Capital Risk, Korn Ferrys Anthony Goodman on the Importance of Board Evaluations, Podcast: Getaround CEO Sam Zaid on Carsharing and Going Public, What to Know about Universal Proxy with Bruce Goldfarb of Okapi Partners, Podcast: Li-Cycles (LICY) Ajay Kochhar on Lithium Ion Battery Recycling and EVs, SPAC Podcast: Alliance Entertainment & Adara Acquisition. With that in mind, I continue to believe in Alec Gores real-world record of success with SPACs. . A Polestar will be more progressive and avant-garde; therefore, it will not be loved by everybody, but it will address its fans, Ingenlath stated. On May 25, the blank-check company formally announced the date on which shareholders will vote to approve the transaction (June 22). Get this delivered to your inbox, and more info about our products and services. read more. None of the information contained in this reportconstitutes, oris intended to constitute a recommendation by Boardroom Alphaofany particular security or trading strategy or a determination by BAthat any security or trading strategy is suitable for any specificperson. Its opening more of them anyway. Owner Earnings per Share (TTM) explanation, calculation, his The post Gores Guggenheim Is a Buy, But Consider an Alternative in the Short Term appeared first on InvestorPlace. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. once the merger is completed is an excellent long-term buy, primarily because it already has sold 29,000 vehicles (2021), it expects to produce 65,000 in 2022 and 290,000 annually by 2025. It is the biggest blank-check merger in the EV sector since Lucid Motors struck a $24-billion deal with Michael Klein's Churchill Capital IV Corp. in February. Cuando utilizas nuestros sitios y aplicaciones, usamos. Labor representatives at a Nissan Motor Co Ltd plant in the central Mexican state of Morelos have reached an agreement with the Japanese carmaker to hike pay 9% as of April, the union said. Nelzon Peltz and Trian dropped their proxy fight against Walt Disney Co. (DIS) following Disneys cost cutting, reorg, and board appointments. New pill cuts cholesterol, heart attacks, Seniors:Heres an easy wayto cut your risk of a heart attack or stroke by nearly 80%. Source: Jeppe Gustafsson / Shutterstock.com. Privacy Notice | Polestar said at the Beijing Motor Show last year that it has another model in development called the Precept, which is a larger sedan. On July 8,. We want to hear from you. For this, if youre very aggressive, Id suggest taking a half position today and waiting to see if it falls lower. 2023 CNBC LLC. Place to discuss GGPI and Polestar. Amidst production hiccups at rivals, Polestar is delivering. This deal received tremendous fanfare as the single-largest ever purchase for electric cars for 100,000 vehicles as well as a partnership with Uber (UBER) to provide 50,000 of those vehicles to its delivery drivers. Higher interest rates aren't deterring companies with high credit ratings from borrowing in the U.S. corporate bond market at a record clip in 2023. Our Standards: The Thomson Reuters Trust Principles. The deal also includes a PIPE, or private investment in public equity, of $250 million from top-tier institutional investors. All Rights Reserved. For the company going public, a SPAC merger serves as an alternative to a traditional IPO. PublicSq. February 28, 2023. I also said that, at these prices, GGPI stock would, The critical distinction about Polestar is that its not a startup. The funding will be used to. from 8 AM - 9 PM ET. We continue to view GGPI shares as undervalued heading into the merger. The reverse merger between GGPI and Polestar is one of the few large SPAC deals to happen this year. As background, Polestar is jointly owned by Volvo and its parent company Chinese OEM Geely (GELYY). Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. "We will build in America for Americans," says Thomas Ingenlath, Polestar CEO. LOS ANGELES & GOTHENBURG, Sweden, June 21, 2022 -- ( BUSINESS WIRE )--Gores Guggenheim, Inc. ("Gores Guggenheim" or the "Company") (NASDAQ: GGPI, GGPIU and GGPIW), a special purpose acquisition. Create an account to follow your favorite communities and start taking part in conversations. Ingenlaths comments in Automotive News laid out Polestars three-pronged production plan for China, South Carolina and Europe. Still, I wouldnt view this as a reason to dismiss it as an investment opportunity. The focus was entirely on internal combustion-powered vehicles. Of course, shares of many EV companies are down this year, including market leader Tesla (NASDAQ:TSLA). It doesnt matter if you have $500 in savings or $5 million. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Polestar, backed by Volvo Car Group and affiliates of Geely Chairman Eric Li, also counts Hollywood actor Leonardo DiCaprio among its investors. Polestar have confirmed the previously rumoured SPAC merger with GGPI bringing the EV manufacturer to the NASDAQ with a valuation of $20 billion. In December, its currently down almost 16%. Mergers and Acquisitions Lightspeed Commerce Oper Chief Brandon Nussey Steps Down Shopping at Kroger can be up to four times cheaper than eating out, CEO says ACI 0.00% Broadcom stock moves. Ultimately, Tyler felt that waiting could get you a better entry point. So, this all gives you two alternatives to GGPI stock: either Volvo or Geely. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. For aggressive, long-term investors who seek exposure to electric vehicles and dont already own GGPI stock, it is an excellent name to buy. Sign up below to get this incredible offer! Current equity holders of Polestar, who will roll their entire interest in the combined company, will retain about 94% ownership, it said. Article printed from InvestorPlace Media, https://investorplace.com/2022/03/ggpi-stock/. ET It has been over a month since the rumor started floating that the SPAC Gores Guggenheim (GGPI) could merge with premium EV manufacturer Polestar. Gores Guggenheim went public with its initial public offering (IPO) in March. This announcement comes alongside ongoing Over-The-Air (OTA) updates that are delivering new features to Polestar 2 owners and pre-empts a future option to purchase a performance software upgrade that adds an extra 67-hp for the dual-motor variant. Nevertheless, even as EV stock mania has waned, the EV trend isnt going away. I share my. However, it was what he said Polestar is and isnt that caught my attention. And Im not even a total car geek. All rights reserved. Special purpose acquisition company (SPAC) Gores Guggenheim (NASDAQ: GGPI) continues to be on schedule with its planned merger with electric vehicle (EV) maker Polestar. After a bustling 2021, the entire SPAC market has slowed markedly amid theglobal marketdownturn. Polestar intends to list on the Nasdaq in a proposed business combination with Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW, and GGPIU), which is expected to close in June 2022. If you owned common stock in the Company and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. Illusion versus reality. All rights reserved. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. But its a very different market now, amidst a more tepid outlook for growth stocks. Puedes cambiar tus opciones en cualquier momento haciendo clic en el enlace Panel de control de privacidad de nuestros sitios y aplicaciones. Both stocks are thinly traded over the counter. Gores Guggenheim completed its initial public offering in April 2021, raising approximately USD 800 million in cash proceeds for the purpose of effecting a merger, capital stock exchange, asset. The transaction is expected to close in the first half of the year. Plus500. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.monteverdelaw.com/case/gores-guggenheim-inc, SHAREHOLDER ALERT: The M&A Class Action Firm Announces the Investigation of Adamis Pharmaceuticals Corp. - ADMP, SHAREHOLDER ALERT: The M&A Class Action Firm Announces the Investigation of Ranger Oil Corp. - ROCC. Not bad, given that, if it grows as expected, itll generate $17.6 billion in annual sales by 2025. did not hold (either directly or indirectly) any positions in the securities mentioned in this article. We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. Still think GGPI is undervalued. Again, such middling performance could carry on, before and after the deal closing. Colombier was founded by Omeed Malik, founder and CEO of Farvahar Partners. The stock did rise the day after the shareholder vote announcement, but since then, its drifting lower. Oklahoma's governor set a special vote for March 7 after a pot referendum was pulled off the November ballot, and in Pennsylvania, a lawmaker launched new bill. Establishing itself in the European market, it could see tremendous growth as it enters the U.S. market. What Is the Best EV Stock to Buy Now? Do this now. This relationship gives Polestar access to manufacturing in Chinas as well as facilities in Europe and the U.S. Geely has a 2022 target of 1.65 million vehicles. The contrast between the stock buildup of CCIV/LCID versus GGPI/PSNY is readily apparent. And Im not the only one. March 1, 2023. The post GGPI Stock Heats Up as Polestar SPAC Merger Closes appeared first on InvestorPlace. Banking giant TD still wants to buy First Horizon a year after megadeal was announced, but the purchase price may drop, given lower sector valuations. Rubicon Technologies (RBT) CEO Jevan Anderson resigned, Marblegate is merging with itself, and the rest of the days digest. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Polestar itself is a joint venture between Volvo (OTCMKTS:VLVLY) and Geely (OTCMKTS:GELYY). Current equity holders of Polestar, who will roll their entire interest in the combined company, will retain about 94% ownership, it said. Today's announcement is a significant catalyst as investor anticipation intensifies toward an announced merger vote date. Amidst a proxy fight with Trian, Walt Disney Co. (DIS) announced that it will cut ~7k jobs as part of a $5.5B cost savings plan. Lastly, the fact that Ingenlath doesnt want to be something to everyone suggests that he fully understands Polestars target market. So far this year, there have only been 11 SPAC listings valued at $25 million or more. Yet if youve done your research, and are bullish on the future prospects of this promising EV play, consider GGPI stock a buy. Create your Watchlist to save your favorite quotes on Nasdaq.com. SPAC Merger. You might even get a better price in the process., Around the same time as my article, fellow, Chris Tyler argued that technical analysis of the stock suggested the beginning of December. Korn Ferrys Head of Board Effectiveness Anthony Goodman talks board evaluations, universal proxies, and more with David Drapkin. The deal relates primarily to the EV makers Model 3. Since the Swedish electric vehicle (EV) manufacturer announced its merger with the special purpose acquisition company (SPAC) on Sept. 27, GGPI stock has gained about 14% or so. NEW YORK, Nov. 29, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner of the firm Monteverde & Associates PC ("M&A Firm"), a national securities firm ratedTop 50in the 2018-2020 ISS Securities Class Action Services Report and headquartered at theEmpire State Buildingin New York City, is investigatingGores Guggenheim. Heres what investors should know moving forward. After the merger, the combined entity. Si quieres personalizar tus opciones, haz clic en Gestionar configuracin de privacidad. However, because Geely owns 78.4% of Volvo Cars stock not to mention nearly 97% of its voting power Polestar will ultimately be controlled by the Chinese car company and billionaire Li Shufu, the worlds 52nd wealthiest person. However, if you own, for China, South Carolina and Europe. Joel Baglole for Even as the Polestar deal, which shareholders will vote to approve later this month, is on the verge of closing. Nosotros, Yahoo, somos parte de la familia de marcas de Yahoo. The deal with Gores Guggenheim (GGPI.O) will provide Polestar cash proceeds of over $1 billion, including $800 million from the special purpose acquisition company (SPAC), and a PIPE, or private. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. A buy under $10 would be an excellent entry point, in my opinion. It predicts it will rake in $1.6 billion in revenue this year and double that number next year. Moreover, Polestar put together a very good slide deck presentation . Many EV enthusiasts see its focus on performance vehicles as a differentiator. This particular EV play is appealing for two reasons. In fact, as its already reached the billion dollar mark in terms of sales, calling it early stage may be a misnomer. It previously said it has another model in development called the Precept, which is a larger sedan. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Publications where hes appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. The EV just looks nice. Type a symbol or company name. He has also been selected by Martindale-Hubbell as a 2017-2021 Top Rated Lawyer. No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. A key advantage we have highlighted repeatedly is Polestars existing partnerships / manufacturing relationships. GGPI Stock News. Currently, this stock earns a B rating in my Portfolio Grader. Salesforce Inc. (CRM) surges after hours following earnings amidst potential activist activity and todays SPAC, IPO, and Exec News. The opinions expressed in this article are those of the writer, subject to the, Gores Guggenheim Is a Buy, But Consider an Alternative in the Short Term, Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy, Apple tops ranking of global companies with the most 'green' revenue, UPDATE 2-North Korea says UN should demand end to S.Korea-US military drills, US Treasury puts cost of outbound investment risk program at $10 million, US Jobs Report and Powell Testimony Take Center Stage: Eco Week. EQT Buys Majority Stake in South Korean Security Provider SK Shieldus, Nagarro 4Q Ebitda Rose; Backs 2023 Outlook, SFS Group 2022 Sales Rose Boosted By Hoffman Acquisition, Ipsen Completes Acquisition of Albireo Pharma. In 2015, Volvo acquired Polestars high-performance business. Im a big believer in Alec Gores, the chairman behind this SPAC. You should notrely solely upon the research herein forpurposes of transacting securities or other investments, and you areencouraged to conduct your own research and due diligence, and to seekthe advice of a qualifiedsecurities professional beforeyou make anyinvestment. GGPI shares have been trading in a steady ~$11 range prior to day's announcement (shares are up 8% intraday). It could continue to deliver similar performance in the short-term. Recently, I also suggested that Matterport (NASDAQ:MTTR) was an excellent buy under $20. Defends Financial Benefits of IAA Deal. Build your trading network; Follow your favorite assets . See here for a complete list of exchanges and delays. Boardroom Alpha does not accept any liability for any direct,indirector consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed. DWACW (Digital World Acquisition) Owner Earnings per Share (TTM) as of today (March 02, 2023) is . Si no quieres que nosotros ni nuestros socios utilicemos cookies y datos personales para estos propsitos adicionales, haz clic en Rechazar todo. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Anyways we could very well see 20-30$. The Polestar deal will be supported by cash proceeds of around $800 million from Gores Guggenheim Inc, assuming no share redemptions by public stockholders of the blank-check firm. Investors still bullish on EV stocks can purchase shares of Polestar once PSNY stock starts trading tomorrow morning. All quotes are in local exchange time. Ends. Check out our February podcast with CEO Thomas Ingenlath, and detailed analysis of GGPI here. The company's listing plan comes as automakers shift their focus to environmentally friendly vehicles amid rising pressure from lawmakers and investors concerned about climate change. Whats our next move? Intraday Data provided by FACTSET and subject to terms of use. However, what he said next did. Shares of GGPI are down a little over 2% as of this writing. While the vast majority of these vehicles will be sold in China, the company is also making a push into other Asian markets. Insurance Doesnt Have to Be Boring. However, it was what he said Polestar is and, The aim of the Polestar range is to be sportier and to have a stronger focus on the driver. Polestar is unique in that while its not the flashiest vehicle, the companys main selling proposition is to make reliable cars without gimmicks. Also, over the years the firm has recovered or secured over a dozen cash common funds for shareholders in mergers & acquisitions class action cases. Initial orders are for the Polestar 2 sedan. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). As a result, I think its chances of survival are much higher than brands such as, On the date of publication, Will Ashworth. The enterprise hardware company saw surprising strength in the January quarter in computing and networking hardware. All told, expectations are high for PSNY stock once it begins trading. However, at one point in mid-November, GGPI stock was trading as high as $16.41. Barring unforeseen developments, Polestar ought to deliver considerable wealth to its patient shareholders in the future.. We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). InvestorPlace->, InvestorPlace - Stock Market News, Stock Advice & Trading Tips. The good news for GGPI stock is that relatively speaking Polestar seems far less likely than peers to be one of those companies. Critics of the practice include Warren Buffett. , including Geely at a 3.22% weighting. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Polestar touts an asset-light business model as a key differentiator by having existing productions lines provided by backers Volvo and Geely, so it can focus on investing in research. BA sits down with Aria Glasgow, Head of ESG Advisory at Aon, to discuss the intersection ESG and Human Capital and the risk for corporates. The opinions and information contained herein have been obtained or derived from sources believed to be reliable, butBoardroom Alphacannot guarantee its accuracy and completeness, and thatofthe opinions based thereon. As I stated in January, I think GGPI stock soon to be PSNY once the merger is completed is an excellent long-term buy, primarily because it already has sold 29,000 vehicles (2021), it. Navigating stock market volatility since it all began in 2000. . For the best MarketWatch.com experience, please update to a modern browser. When typing in this field, a list of search results will appear and be automatically updated as you type. Anticipation on GGPI/Polestar merger. Sure, its excellent that Polestar plans to be sportier, more focused on the driving experience, than it does on being a luxury ride, but these particular words didnt move me. Real-time alerts, yields, red flags, filings, investors, and much more. It is free and there is no cost or obligation to you. Join the Conversation! 1125 N. Charles St, Baltimore, MD 21201. The deal also includes a PIPE, or private investment in public equity, of $250 million from top-tier institutional investors. The reverse merger between GGPI and Polestar is one of the few large SPAC deals to happen this year. At least two hedge funds sold their stakes in Digital World Acquisition Corp. after that SPAC firm announced plans to merge with former President Donald Trump 's planned social media platform.. Now, with volatility likely to continue into 2022, some possible alternatives exist as a short-term solution for risk-averse EV investors. Most important, the company is well underway with production and revenue generation ($1.6B in 2021 sales). This report contains opinions and is provided for informationalpurposes only it does not constitute investment, legal or tax advice. proporcionarte nuestros sitios y aplicaciones; autenticar usuarios, aplicar medidas de seguridad y evitar el spam y los abusos, y. medir el uso que haces de nuestros sitios y aplicaciones. The company raised $550 million in external funding in April and announced plans in June to build Polestar 3 electric sport utility vehicles at Volvo's U.S. plant in South Carolina from next year. The Polestar deal will be supported by cash proceeds of around $800 million from Gores Guggenheim, assuming no share redemptions by public stockholders of the blank-check firm. In 2014, it mass-produced both the S60 and V60 for sale in eight markets. Subscriber Agreement & Terms of Use | Visit a quote page and your recently viewed tickers will be displayed here. Also, dont base a decision to buy or not just on a surface level view of the company. Availability is expected to begin in Spring 2022 in Europe and late 2022 in North America and Australia. Comprehensive research and analytics on every SPAC, sponsor, and deal. Press question mark to learn the rest of the keyboard shortcuts. As you might be aware, post-merger, Polestars existing shareholders will own, . We continue to like Polestars long term outlook and view the company as an emerging contender in the EV space. Our 3 Top Picks. Last year, a record 613 SPAC listings occurred on U.S. exchanges, raising a total of $145 billion. Heres why you should consider them. These symbols will be available throughout the site during your session. . As a result, I think its chances of survival are much higher than brands such as Lucid (NASDAQ:LCID) and Rivian (NASDAQ:RIVN). While its debatable how much of a deal pop well see on close, the fundamentals here are whats most important. Novembers SPAC market review paints a picture of a SPAC market rushing towards the exit with high, and accelerating liquidations, more deal terminations, and almost no new SPAC IPOs. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. For the company going public, a SPAC merger serves as an alternative to a traditional IPO. Transaction is expected to be completed in the second quarter of 2022. Targeted companies such as Disney and Salesforce are learning how to grab the momentum back from activists, and communicate more effectively. Will Ashworth has written about investments full-time since 2008. Instead, get to know the company a little better. Started over 40 years ago by a business visionary named Tom Phillips, we publish detailed research and recommendations for self-directed investors, financial advisors and money managers. Based on a $49K starting price, the deal is valued at ~$3.2B. Instead, it would be a niche producer of EVs. The company, which delivered about 10,000 vehicles last year, said it expects to sell about 290,000 vehicles per year by 2025 and plans to launch three new models by 2024. He particularly enjoys creating model portfolios that stand the test of time. After a bustling 2021, the entire SPAC market has slowed markedly amid the global market. SPACs are publicly listed companies that are raised with the intention of merging with a private company at a later date. Source: Jeppe Gustafsson / Shutterstock.com, CEO Thomas Ingenlath recently discussed the companys plans with, CEO had a lot to say on the subject. Its a New Era for Tech Stocks. On the date of publication, neither LouisNavellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. Second, it currently trades at an attractive valuation relative to its prospects. While EV stocks were hot as recently as last fall, thats far from the case today. At $11.20 it's $24 billion. American Airlines (AAL) announces its new chairman of the board as Gregory D. Smith, the former CEO of Boeing (BA). GGPI hasn't announced a definitive merger date with Polestar but the two companies expect to complete the business combination in the first half of 2022. At writing, its at $9.97 per share, just a penny above its debut price. The five-year agreement gives renters an alternative to Tesla (TSLA), which announced a relationship with Hertz in November 2021. Nasdaq Polestar itself is a joint venture between, However, because Geely owns 78.4% of Volvo Cars stock not to mention nearly 97% of its voting power Polestar will ultimately be controlled by the Chinese car company and billionaire Li Shufu, the worlds, Additionally, a possible third alternative here is to buy the. At the time of this writing, the stock is down 2.83% on the day, closing in on $11. He lives in Halifax, Nova Scotia. Got a confidential news tip? Okapis Bruce Goldfarb joins the podcast to discuss the new Universal Proxy Rules and what it means for investors and board members. Polestar is a Swedish electric vehicle manufacturer backed by Volvo and Volvo's de facto . The Company completed the Public Offering on March 25, 2021 (the "IPO Closing Date"). Written by Polestar joins other EV makers in the public market, including Tesla (TSLA.O) and Lucid Motors (LCID.O), which went public in a $24 billion SPAC deal in February. However, according to Volvo, only 100 were made in the initial year. On the date of publication, Will Ashworth. The deal is expected to close later today. He particularly enjoys creating model portfolios that stand the test of time. DWAC (Digital World Acquisition) Accumulated other comprehensive income (loss) as of today (March 02, 2023) is $0.00 Mil. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Type a symbol or company name. Assuming a post-merger tally of approximately 2.15 billion shares, a stock price of $20 on GGPI equates to a $43 billion market cap. The SPAC merger deal was announced on Sept. 27, where GGPI SPAC agreed to merge with the Swedish private EV car maker Polestar. Sign up for free newsletters and get more CNBC delivered to your inbox. with the special purpose acquisition company (SPAC) on Sept. 27, GGPI stock has gained about 14% or so. The factors still affecting EV stock performance could carry on in the months ahead. Copyright 2023 InvestorPlace Media, LLC. Presumably, the deal, which will result in the company taking on the Polestar name, and GGPI stock becoming PSNY stock, will close not too long after that. Will Ashworth has written about investments full-time since 2008. Once the reverse merger is finalized, shares of Polestar will begin trading on the Nasdaq tomorrow under the PSNY ticker symbol. However, of the two, GELYY stock volumes are a little higher.

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