Gores Guggenheim in a press release reminded its shareholders to vote on the proposed merger with Polestar, the Swedish electric performance car company. The shareholder meeting is set for June 22 on the deal, which implies a whopping enterprise value of $20 billion for the combined company.
If approved, the business combination would be the largest SPAC deal to-date.
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 any redemptions. Read more.
