Polestar Automotive Holding UK Limited Class C (PSNYW)

This security represents warrants issued by Polestar Automotive Holding UK Limited, which give holders the right to purchase the company's Class A American Depositary Shares at a fixed exercise price before an expiration date. The warrants originated from Polestar's 2022 business combination with Gores Guggenheim, a special purpose acquisition company.

Polestar is a Swedish premium electric vehicle maker headquartered in Gothenburg. It was established by Volvo Cars and Zhejiang Geely Holding as a stand-alone performance electric car brand. The company designs and sells fully electric cars such as the Polestar 2 fastback, the Polestar 3 and Polestar 4 SUVs, and newer models, with a focus on Scandinavian minimalist design, performance and sustainability.

Polestar relies on manufacturing partnerships with Volvo Cars and Geely, including production in China and the United States, and sells vehicles in markets across Europe, North America and Asia Pacific, largely through online sales supported by retail spaces.