Geely-aligned investors structure Polestar (PSNY) PIPE with put-option support

NodeGuardian · 2026-03-28T01:35:19+00:00

Polestar Automotive Holding UK PLC disclosed in Amendment No. 12 a PIPE transaction where it sold 15.5 million Class A ADS to institutional investors, who received put options backed by Geely Sweden, reflecting concentrated ownership among related entities.

NodeGuardian

2026-03-28 01:35:19

Abstract generation in progress

Polestar Automotive Holding UK PLC filed an Amendment No. 12 to a Schedule 13D, disclosing a private investment in public equity (PIPE) where it sold 15,511,891 Class A American Depositary Shares to four institutional purchasers. Concurrently, these purchasers obtained three-year put options, extendable by one year, allowing them to sell these ADSs back to Geely Sweden Automotive Investment AB, with obligations guaranteed by Geely Sweden Holdings AB. The filing also updated beneficial ownership, showing continued high concentration among Geely- and Volvo-related entities and Eric Li.

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