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The company is an established EV maker outside the U.S. but not headquartered in China. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. GGPI Gores Guggenheim Inc - Ordinary Shares - Class A Plus500. Ends. We can put the money raised into developing the technology and the market," Thomas Ingenlath, Polestar's chief executive, said in an interview. The industry leader for online information for tax, accounting and finance professionals. To the extent anyof the information contained herein may bedeemed to be investment advice, such information is impersonal and nottailored to the investment needs of any specific person. 1125 N. Charles St, Baltimore, MD 21201. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Thats especially the case with GGPI stock. Ultimately, Tyler felt that waiting could get you a better entry point. (C) 2021 Monteverde & Associates PC. He lives in Halifax, Nova Scotia. DWACW (Digital World Acquisition) Owner Earnings per Share The combination of Gores Guggenheim and Polestar is one of the biggest SPAC deals of the year. Before today, GGPI stock traded at $10.84 per share, down about 7% year-to-date (YTD). What's next for bonds in 2023 after the worst year in history, It broke me: Everyone says you need power of attorney, but nobody tells you how hard it is to use. The enterprise hardware company saw surprising strength in the January quarter in computing and networking hardware. Navigating stock market volatility since it all began in 2000. Presumably, the deal, which will result in the company taking on the Polestar name, and GGPI stock becoming PSNY stock, will close not too long after that. In the six weeks since, its moved sideways. Its beginning dates back to 1996. GGPI Stock Heats Up as Polestar SPAC Merger Closes, Do Not Sell My Personal Information (CA Residents Only). See here for a complete list of exchanges and delays. All quotes delayed a minimum of 15 minutes. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. However, I also said that investors need not rush to buy the SPAC before the merger happens. Polestar was first established in 1996by Swedish automotive giantVolvo (OTCMKTS:VLVLY). At least two hedge funds sold their stakes in Digital World Acquisition Corp. after that SPAC firm announced plans to merge with former President Donald Trump 's planned social media platform.. The deal comes at a time when large SPAC mergers have become rare, as the business of blank-check dealmaking deteriorated rapidly over the summer after investors were spooked by the poor financial performance of many SPACs and a regulatory crackdown led by the U.S. Securities and Exchange Commission over their disclosures. You should notrely solely upon the research herein forpurposes of transacting securities or other investments, and you areencouraged to conduct your own research and due diligence, and to seekthe advice of a qualifiedsecurities professional beforeyou make anyinvestment.