Gores Guggenheimin a regulatory filing disclosed it hasd added a total of $27.2 million in additional PIPE funding to support its proposed merger with EV maker Polestar.
Prior to this most recent addition, the SPAC has added $136 million to its PIPE subscription since the deal was announced in September with an initial $250 million PIPE.
Terms of the merger also call for Polestar to receive the approximately $800 million in the Gores Guggenheim trust, less redemptions.
The deal values the combined company at $20 billion. Read more.
