Gores Guggenheim in an 8-K filing today included an investor presentation on its proposed merger with EV maker Polestar.
The deal is valued at $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.
Since the merger was announced, the SPAC added a $136 million PIPE subscription to support the deal, and 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. Read more.
