Polestar Automotive Holding UK Ltd

About Gores Guggenheim, Inc.

Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW, and GGPIU) is a specialty acquisition company sponsored by a subsidiary of The Gores Group, LLC, founded by Alec Gores, and a subsidiary of Guggenheim Capital, LLC. Gores Guggenheim completed its IPO in April 2021, raising approximately $ 800 million in cash to complete a merger, capital stock exchange, asset acquisition, share purchase, reorganization or consolidation similar companies with one or more companies. Gores Guggenheim’s strategy is to identify and complete business combinations with market-leading companies with strong equity histories that will benefit from growth capital from public stock markets and will be reinforced by experience and knowledge. Gores expertise. and Guggenheim’s long history and track record in investing and operating businesses.

Forward-looking statements

Certain statements contained in this press release (?? Press Release ??) may be considered ?? forward-looking statements ?? as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operational performance of Gores Guggenheim, Inc. (?? Gores Guggenheim ??), Polestar Performance AB and / or its affiliates (the ?? Company ??) and Polestar Automotive Holding UK Limited (?? ListCo ??). For example, projections of EBITDA or future adjusted income and other measures are forward-looking statements. In some cases, you can identify forward-looking statements by words such as ?? may ??, ?? should ??, ?? expect ??, ?? intend ??, ?? will ?? , ?? estimate ?? , ?? anticipate ??, ?? believe ??, ?? predict ??, ?? potential ??, ?? forecast ??, ?? plan ??, ?? seek ??, ?? future ??,? ?to propose?? or ?? continue ??, or the negatives of these terms or variations thereof or similar terminology. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.

These forward-looking statements are based on estimates and assumptions which, while believed to be reasonable by Gores Guggenheim and its management, and the Company and its management, as the case may be, are inherently uncertain. Factors that could cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstance that may result in the termination of the definitive agreements relating to the business combination. companies; (2) the outcome of any legal proceedings that may be brought against Gores Guggenheim, the merged company or others as a result of the announcement of the Business Combination and any final agreement relating thereto; (3) the inability to complete the Business Combination due to failure to obtain the approval of Gores Guggenheim shareholders, to obtain financing to complete the Business Combination or to meet other conditions until closing; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition of obtaining regulatory approval of the Business Combination; (5) the ability to comply with stock market listing standards after the completion of the Business Combination; (6) the risk that the Business Combination will disrupt the Company’s current plans and operations following the announcement and completion of the Business Combination; (7) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the combined business’s ability to grow and manage its growth profitably, to maintain relationships with customers and suppliers and to retain its management and key employees; (8) costs related to the Business Combination; (9) risks associated with changes in applicable laws or regulations and the Company’s international operations; (10) the possibility that the Company or the combined company will be affected by other economic, commercial and / or competitive factors; (11) estimates of the expenses and profitability of the Company; (12) the Company’s ability to maintain agreements or partnerships with its strategic partners Volvo Cars and Geely and to develop new agreements or partnerships; (13) the Company’s ability to maintain relationships with its existing suppliers and strategic partners, and to seek new suppliers for its critical components, and to complete the construction of its

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