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0 0 0 0.019907677356657 0.0102040816326531 0.00534499514091348 -0.000286686103012656 0.0136054421768706
Stock impact report

Polestar attracts new $400m equity finance [Yahoo! Finance]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Yahoo! Finance
Sumitomo Mitsui Banking Corporation, and Standard Chartered Bank (Hong Kong) Limited – at USD 200 million each. Concurrent with the purchase, the two financial institutions have each entered into a put option arrangement with a wholly-owned subsidiary of Geely Sweden Holdings AB, which provides the financial institutions with an exit path, if needed, in three years with certain returns, as part of this equity financing arrangement. Polestar said the terms are similar to the equity financing arrangements announced by the company in December 2025. Michael Lohscheller, Polestar CEO, said: “Following the new equity financing and the funding announcements in December, and with the support of Geely Holding, we continue to make progress on enhancing our liquidity position and strengthening our balance sheet. With a record year of retail sales behind us, we are fully focused on creating a stronger Polestar.” Following the closing of the transaction with Sumitomo Mitsui Banking Corpora Show less Read more
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