Why Gores Guggenheim's Shares Popped 15.4% Today
Shares of Gores Guggenheim (NASDAQ: GGPI), a special-purpose acquisition company (SPAC) that is planning to merge with electric-car company Polestar, jumped as much as 28.1% in trading on Monday after filing a Form F-4 with the Securities and Exchange Commission (SEC). Shares closed the day up 15.4%.
Polestar says it has 35 permanent locations with plans to expand to over 150 locations by the end of 2023. The company expects to be operating in 30 markets by the end of 2023 with sales ramping up to 290,000 vehicles by the end of 2025.
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Source Fool.com
