WSJ News Exclusive | Gores Guggenheim SPAC Nears Deal to Combine With Polestar

Polestar is nearing a deal to go public by a merger with a special-purpose acquisition firm that might worth the Swedish electric-vehicle maker at $20 billion together with debt, in accordance with folks aware of the matter.

Polestar, owned by Chinese language automobile maker Zhejiang Geely Holding Group Co., is in superior talks with Gores Guggenheim Inc. and will attain a deal this week, the folks mentioned, assuming talks don’t disintegrate.

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