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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Gores Guggenheim, Inc. (NASDAQ: GGPI, GGPIQ, and GGPIU”) (“Gores Guggenheim” or “Company”) with Polestar Performance AB. Under the terms of the merger, the combined company will be held by a new public company that will be named Polestar Automotive Holding UK Limited, which is expected to be listed on Nasdaq under the ticker symbol “PSNY”. The transaction implies an enterprise value of approximately USD 20 billion.
The Gores Guggenheim merger investigation concerns whether the Board of Gores Guggenheim has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
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