Gores Guggenheim in an 8-K filing said it had added a $136 million PIPE subscription to support its merger with EV maker Polestar. The SPAC also amended terms of its stock lockup agreement by increasing the number of Class F shares to be cancelled at the closing from 1,501,651 shares of to 1,533,873 shares.
The deal is valued aty $20 billion.
As announced in September, the original terms called for a $250 million PIPE and the approximately $800 million in the Gores Guggenheim trust, assuming no redemptions. Read more.
