Anywhere in between makes it harder to gain customer loyalty. Under the terms of the agreement, GGPI shareholders will retain less than 6% ownership of the combined company. Omg guys I saw GGPI merger in my smartphone notifications and my heart was pounding . Polestar / Gores Guggenheim Inc.(GGPI) made a splash this morning, announcing a partnership with Hertz (HTZ) that includes purchasing up to 65,000 electric vehicles (EVs) over five years. However, for now, it seems to have its feet on the ground, providing investors with very reasonable growth projections. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. He has also been selected by Martindale-Hubbell as a 2017-2021 Top Rated Lawyer. And Im not even a total car geek. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Polestar, the Global Electric Performance Car Company, Signs Agreement The volatility amongst EV manufacturers has been significant in the second half of 2021. For 2022 and 2023, Polestar has guided to $3.2 B and $6.7B in sales, respectively. The investigation focuses on whether GGPI and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued. Will GGPI Stock Rise More After Polestar Merger Date in 2022? 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. . Gores Guggenheim and Polestar Announce Effectiveness of | GGPI Stock News However, over a longer timeframe, it could zoom to price levels well above $20 per share.
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