Gores Guggenheim, Inc. (“Gores Guggenheim” or the “Company”) (NASDAQ: GGPI, GGPIU and GGPIW), a special purpose acquisition company sponsored by affiliates of The Gores Group, LLC and Guggenheim Capital, LLC, announced that in a special meeting held today, its stockholders voted to approve the proposals required to complete its combination with Polestar Performance AB and its affiliates (“Polestar”), the global pure play, premium electric performance car company. Warrant holders also voted to approve the proposals presented at the meeting of the Company’s warrant holders.
The closing of the business combination is expected to occur tomorrow, June 23, 2022, subject to the satisfaction or waiver of all closing conditions.
Following the consummation of the business combination, Polestar’s common stock is expected to begin trading on Nasdaq on June 24, 2022 under the new ticker symbol “PSNY.”