Polestar announces updates to its capital structure and intention to consolidate Polestar 3 manufacturing
Polestar Automotive Holding UK Limited (PSNY)
Company Research
Source: Business Wire
Initial approximate USD 274 million debt-to-equity conversion and extension of shareholder loan from Volvo Cars, with a further conversion of approximately USD 65 million expected later in the second quarterIntention to consolidate manufacturing of Polestar 3 in Charleston, South Carolina, USA to drive efficiencies GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that Volvo Cars has agreed to convert approximately USD 274 million of its outstanding shareholder loan into Polestar’s equity.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260330049469/en/Polestar logoFollowing completion of the previously announced approximate USD 300 million debt-to-equity conversion by Geely Sweden Holdings AB, Volvo Cars is expected to carry out a second debt-to-equity conversion later during the second quarter, totalling approximately USD 65 million. In doing so, Volvo Cars’ ownership in Polestar will remain at appro
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