Gores Guggenheim in a regulatory filing said it has amended its business combination agreement with EV maker Polestar to move the deal termination date to June 24 from the current May 27 deadline.
Since the deal was announced in September, the SPAC has added another $163.2 million to the 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. Read more.
