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Thursday, June 23, 2022

Equity Corporate Actions Alert #2022 - 146
Information Regarding the Business Combination of Gores Guggenheim, Inc. (GGPI/U/W) and Polestar Automotive Holding Limited

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  • Industry Announcement

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The business combination of Gores Guggenheim, Inc. (GGPI/U/W) and Polestar Automotive Holding Limited closed today, June 23, 2022. As a result of the business combination, the common stock, warrant, and unit of Gores Guggenheim, Inc. (GGPI/U/W) will be suspended from trading. These actions will become effective on June 24, 2022

Company Name/Issue: Gore Guggenheim, Inc. Common Stock
CUSIP#: 38286Q107
Symbol: GGPI
Last Trading Date: June 23, 2022
Marketplace Effective Date for Suspension: June 24, 2022
Merger Consideration: One (1) Class A American Depositary Share of Polestar Automotive Holding UK PLC (PSNY) for each share held.
Company Name/Issue: Gores Guggenheim, Inc. Warrant
CUSIP#: 38286Q115
Symbol: GGPIW
Last Trading Date: June 23, 2022
Marketplace Effective Date for Suspension: June 24, 2022
Merger Consideration: One (1) Class C-1 ADS (ADW) of Polestar Automotive Holding UK PLC (PSNYW) for each warrant held.
Company Name/Issue: Gores Guggenheim, Inc. Unit
CUSIP#: 38286Q206
Symbol: GGPIU
Last Trading Date: June 24, 2022
Marketplace Effective Date for Suspension: June 24, 2022
Merger Consideration: Unit will separate into its components

As a result of the merger, the combined company will be listed on the Nasdaq Global Market. The details are as follows:

Company: Polestar Automotive Holding UK PLC Class A American Depositary Shares
CUSIP#: 731105201
Symbol: PSNY
Marketplace Effective Date: June 24, 2022

Company: Polestar Automotive Holding UK PLC Class C-1 ADS (ADW)
CUSIP#: 731105102
Symbol: PSNYW
Marketplace Effective Date: June 24, 2022

If you would like to register as a market maker in PSNY or PSNYW, contact Nasdaq Trading Services at +1 212 231 5100.


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