Polestar (Nasdaq: PSNY) today announced a total of USD 300 million in equity investments by purchasers including Crédit Agricole CIB, Vida Finance S.A., Innovator Limited and Proximastar Holdings Company Limited.
Concurrent with the purchase, these purchasers have each entered into a put option arrangement with a wholly-owned subsidiary of Geely Sweden Holdings AB, which provides the purchasers with an exit path, if needed, in three years with certain returns, as part of this equity financing arrangement.
The terms are similar to the equity financing arrangements announced by the Company in December 2025 and February 2026.Michael Lohscheller, Polestar CEO, says: “The last four months have seen us take steps to meaningfully strengthen our balance sheet and improve our liquidity position, through successfully raising a targeted USD 1 billion in new equity, with the continued support from Geely Holding. Through a series of recent equity financing rounds, where several global renowned financial institutions participated, we have improved our free float and broadened our shareholder base.“Coming off a record year of retail sales and with four new models planned in the next three years, as announced during our recent strategy update, we are fully focused on delivering on our ambitions.”
Additional information about the equity investments
Following the closing of the transaction, none of the purchasers will own more than 5% of Polestar’s outstanding equity.
The price per Class A ADS to be purchased at the closing will be USD 19.34, which is the same price as in the equity financings in December 2025 and February 2026.
The purchasers will not have any restrictions on the sale of the Class A ADSs they receive, subject to any applicable securities laws.
The transactions are expected to close by 19 March 2026 as no regulatory approvals are required.BofA Securities is acting as Polestar’s exclusive financial advisor in connection with this transaction.