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Monday, September 27, 2021

Polestar to go public via $20B SPAC deal

2021 Polestar 1 special editionWhile Volvo continues to remain open to the possibility of launching an initial public offering, its Polestar subsidiary announced on Monday plans to go public via a SPAC deal. Also referred to as reverse mergers, a SPAC deal is where a private company goes public by being taken over by a company that's already listed, typically a company set up...

from Motor Authority https://ift.tt/3CRgHVi

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