Gores Guggenheim

Gores Guggenheim, Inc. is a blank check company. Its purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on December 21, 2020 and is headquartered in Boulder, CO. Redemption Price: 10. Warrant Coverage: 1/5.

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Gores Guggenheim, Inc. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on December 21, 2020 and is headquartered in Boulder, CO.

The Special Purpose Acquisition Company (SPAC) begins trading publicly. During this phase the SPAC looks for a target company to merge with or acquire.

PREVIOUS PHASE

The SPAC announces which company it will be acquiring (and taking public).

CURRENT PHASE

Investors and shareholders will meet to approve the acquisition.

NEXT PHASE

Blank-check firm Gores Guggenheim Inc (NASDAQ:GGPI) is up 3.2% at $10.29 at last check, after news that Swedish electric car maker Polestar will go public by merging with the special purpose acquisition company (SPAC).

Polestar Merger Sends Gores Guggenheim Stock Higher

US special-purpose acquisition company (SPAC) Gores Guggenheim Inc has agreed a US$20bn deal to merge with electric-vehicle maker Polestar Performance AB. The deal gives the Gothenburg-based company roughly US$800mln of cash and US$250mln in cash from 'PIPE' financing anchored by top-tier institutional investors.

Electric car company Polestar to reverse onto Nasdaq with SPAC merger

Volvo-owned Polestar is going public through a SPAC merger with Gores Guggenheim worth $20 billion, the companies announced Monday. The all-electric brand plans to start building cars in South Carolina in 2022.

Volvo's Polestar electric brand to go public through SPAC merger worth $20B

Swedish electric car maker Polestar Performance AB said Monday it is going public via a merger with special purpose acquisition company Gores Guggenheim Inc. GGPI, +0.30% in a deal with an implied enterprise value of about $20 billion. The new company will be renamed Polestar Automotive Holding UK Limited and is expected to be listed on Nasdaq under the ticker symbol "PSNY".

Swedish EV maker Polestar to go public via merger with SPAC Gores Guggenheim in $20 billion deal

GOTHENBURG, Sweden & LOS ANGELES--(BUSINESS WIRE)--Polestar Performance AB and its affiliates (“Polestar” or the “Company”), the global electric performance car company, and Gores Guggenheim, Inc. (“Gores Guggenheim”) (Nasdaq: GGPI, GGPIW and GGPIU), a special purpose acquisition company (“SPAC”) formed by affiliates of The Gores Group and Guggenheim Capital, LLC, announced today that they have entered into a definitive business combination agreement (the “Business Combination Agreement”). Upon

Polestar, the Global Electric Performance Car Company, Signs Agreement to be Publicly Listed Through Combination with Gores Guggenheim, Inc.

Electric vehicle maker Polestar could reach a deal to go public with special purpose acquisition company Gores Guggenheim Inc (NASDAQ: GGPI) on Monday, Wall Street Journal reported, citing people familiar with the matter. What Happened: The deal is expected value the Zhejiang Geely Holding Group Co (OTC: GELYF) and Volvo Cars Group-backed Swedish company at $21 billion and could be one of the largest recent SPAC deals in the recent past.

Tesla Rival Polestar Could Reach $21B Deal To Merge With SPAC Gores Guggenheim Today: WSJ

Polestar focuses on high-end electric vehicles, and is a potential rival to Tesla.

Swedish Electric-Vehicle Maker Polestar in Talks to Strike $20 Billion SPAC Deal

Polestar is nearing a deal to go public through a merger with a special-purpose acquisition company that would value the Swedish electric-vehicle maker at $20 billion including debt, according to people familiar with the matter.

The Wall Street Journal: EV company Polestar may go public through merger with Gore Guggenheim SPAC

Swedish electric car maker Polestar is nearing a deal to go public through a merger with blank-check firm Gores Guggenheim Inc at a valuation of $20 billion including debt, according to people familiar with the matter.

EV maker Polestar to go public at $20 billion valuation via SPAC -sources

Bloomberg recently reported that Gores Guggenheim would be taking EV maker, Polestar, public in a manner similar to the CCIV fiasco earlier this year. Polestar has strong ties to Geely and Volvo that lend it substantial legitimacy, giving it the power to propel GGPI to a similar boom as CCIV.

Why Gores Guggenheim Could Be The Next Churchill Capital

GGPI is a good speculative play on the rumour of merger discussions with Polestar, an electric vehicle company.Both the prospect of Polestar and the track record of the Gores Group as a Sponsor make GGPI a good investment choice.

SPAC Series: Bullish On Gores Guggenheim

Discussion around whether the potential Polestar/GGPI SPAC merger could be the next Lucid Motors/CCIV has investors excited today. The post The Next Lucid Motors/CCIV?

The Next Lucid Motors/CCIV? 7 Things to Know About GGPI's Polestar SPAC Merger Talks

Electric vehicle company Polestar could be nearing a SPAC deal to go public, according to a report from Bloomberg. The company competes with Tesla Inc (NASDAQ: TSLA) and Lucid Motors, which is going public via Churchill Capital Corp IV (NYSE: CCIV).

Tesla Rival Polestar Could Be Valued At $25B In SPAC Deal: What Investors Should Know

BOULDER, Colo.--(BUSINESS WIRE)--Gores Guggenheim, Inc. (Nasdaq: GGPI) (the “Company”), announced today that, on May 21, 2021, it received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) because the Company failed to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (the “Form 10-Q”) with the Securities and Exchange

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