Transaction is expected to be completed in the second quarter of 2022. First, despite its also-ran reputation, its one of the more promising early stage names in this space. Under the terms of the agreement, GGPI shareholders will retain less than 6% ownership of the combined company. Also, dont base a decision to buy or not just on a surface level view of the company. However, for now, it seems to have its feet on the ground, providing investors with very reasonable growth projections. A recovery may not happen until the market has absorbed the changes in economic and market conditions. Shares of the blank-check firm pared earlier gains and were up around 3% before the bell. In addition to the Geely relationship, Polestar has access to Volvos manufacturing infrastructure. He was right. (C) 2021 Monteverde & Associates PC. Both stocks are thinly traded over the counter. The premium EV maker's offering includes two models: a hybrid car known as Polestar 1 and a fully electric Polestar 2. Gores has done as good a job as anyone demonstrating that blank-check companies can deliver the goods. Polestar is unique in that while its not the flashiest vehicle, the companys main selling proposition is to make reliable cars without gimmicks. Si quieres personalizar tus opciones, haz clic en Gestionar configuracin de privacidad. At least, based on its success so far, and on future projections. All quotes delayed a minimum of 15 minutes. Two years later, it made a move to electric-powered performance vehicles. This announcement comes alongside ongoing Over-The-Air (OTA) updates that are delivering new features to Polestar 2 owners and pre-empts a future option to purchase a performance software upgrade that adds an extra 67-hp for the dual-motor variant. Investors also like the fact a global automotive giant backs Polestar. Polestar / Gores Guggenheim Inc.(GGPI) made a splash this morning, announcing a partnership with Hertz (HTZ) that includes purchasing up to 65,000 electric vehicles (EVs) over five years. Sign up for free newsletters and get more CNBC delivered to your inbox. [I]f a stock is destined to be a long-term winner (five to 10 years out), there is no rush to run out and buy it. Its opening more of them anyway. The aim of the Polestar range is to be sportier and to have a stronger focus on the driver. Novembers SPAC market review paints a picture of a SPAC market rushing towards the exit with high, and accelerating liquidations, more deal terminations, and almost no new SPAC IPOs. Nordstrom says it will end its business in Canada to help shore up profit after reporting weaker-than-expected sales results and forecasts. For Hertz, the partnership builds on the companys ongoing commitment to lead in electrification and shared mobility. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Consumers looking for more ways to save money helped Kroger beat profit expectations and provide an upbeat outlook. quotes delayed at least 15 minutes, all others at least 20 minutes. Assuming a post-merger tally of approximately 2.15 billion shares, a stock price of $20 on GGPI equates to a $43 billion market cap. Boardroom Alpha does not accept any liability for any direct,indirector consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed. While EV stocks were hot as recently as last fall, thats far from the case today. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Provided by Benzinga Since. Sam Zaid, CEO of Getaround, joins David Drapkin on the podcast to discus what makes carsharing company Getaround so special and their journey to go public. In a media statement, Gores Guggenheim confirmed that its shareholders voted to approve the combination with Polestar which will bring the European EV maker to the public market. While its debatable how much of a deal pop well see on close, the fundamentals here are whats most important. Cision Distribution 888-776-0942 with the special purpose acquisition company (SPAC) on Sept. 27, GGPI stock has gained about 14% or so. With that in mind, I continue to believe in Alec Gores real-world record of success with SPACs. However, because Geely owns 78.4% of Volvo Cars stock not to mention nearly 97% of its voting power Polestar will ultimately be controlled by the Chinese car company and billionaire Li Shufu, the worlds 52nd wealthiest person. In the six weeks since, its moved sideways. The investigation focuses on whether GGPI and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued. None of the information contained in this reportconstitutes, oris intended to constitute a recommendation by Boardroom Alphaofany particular security or trading strategy or a determination by BAthat any security or trading strategy is suitable for any specificperson. Salesforce Inc. (CRM) surges after hours following earnings amidst potential activist activity and todays SPAC, IPO, and Exec News. The company is an established EV maker outside the U.S. but not headquartered in China. API access to institutional grade SPAC database. The fact that the company is moving close to 30,000 units this. Ultimately, Tyler felt that waiting could get you a better entry point. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Polestar said at the Beijing Motor Show last year that it has another model in development called the Precept, which is a larger sedan. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Omg guys I saw GGPI merger in my smartphone notifications and my heart was pounding . Despite being outside the top 10, its a reasonable amount of exposure. I recommend taking an in-depth look at this company, its lineup of mass affluent and luxury EVs, and its game plan to take on Tesla (NASDAQ:TSLA), Lucid (NASDAQ:LCID), and the incumbent automakers looking to grab a piece of the electric vehicle market. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Intraday data delayed at least 15 minutes or per exchange requirements. Nasdaq NEW YORK, Nov. 29, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner of the firm Monteverde & Associates PC ("M&A Firm"), a national securities firm ratedTop 50in the 2018-2020 ISS Securities Class Action Services Report and headquartered at theEmpire State Buildingin New York City, is investigatingGores Guggenheim. The decision is yours to make. The focus was entirely on internal combustion-powered vehicles. However, if you own, for China, South Carolina and Europe. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Para obtener ms informacin sobre cmo utilizamos tus datos personales, consulta nuestra Poltica de privacidad y Poltica de cookies. Current equity holders of Polestar, who will roll their entire interest in the combined company, will retain about 94% ownership, it said. Special purpose acquisition company (SPAC) Gores Guggenheim (NASDAQ:GGPI) continues to be on schedule with its planned merger with electric vehicle (EV) maker Polestar. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). This is because either your product or service appeals to the top 20% of household incomes or the bottom 20%. All rights reserved. However, GGPI stock drifted. Our Standards: The Thomson Reuters Trust Principles. Around the same time as my article, fellow InvestorPlace contributor Chris Tyler argued that technical analysis of the stock suggested the beginning of December wasnt the time to buy either. The stock did rise the day after the shareholder vote announcement, but since then, its drifting lower. Will Ashworth has written about investments full-time since 2008. News, Media, rumors,and general discussion topics are welcome! In fact, as its already reached the billion dollar mark in terms of sales, calling it early stage may be a misnomer. Gores Guggenheim went public with its initial public offering (IPO) in March. GGPI Stock News. , including Geely at a 3.22% weighting. For 2022 and 2023, Polestar has guided to $3.2 B and $6.7B in sales, respectively. Ive learned in recent years that businesses operating in the middle have less chance of success. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Twitter Reports 40% Drop in Revenue and Adjusted Earnings to Investors: WSJ. Im a big believer in Alec Gores, the chairman behind this SPAC. As a result, Geely owns 50.5% of Polestars equity while Volvo owns 49.5%. We continue to like Polestars long term outlook and view the company as an emerging contender in the EV space. Since the Swedish electric vehicle (EV) manufacturer announced its merger with the special purpose acquisition company (SPAC) on Sept. 27, GGPI stock has gained about 14% or so. Enthusiasm about the. See here for a complete list of exchanges and delays. We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. At least two hedge funds sold their stakes in Digital World Acquisition Corp. after that SPAC firm announced plans to merge with former President Donald Trump 's planned social media platform.. GGPI: Gores Guggenheim, Inc. Class A: $0: 10/25/2021: On 9/27/2021 the company announced a pending merger with Polestar Automotive, a global pure play, premium electric vehicle ("EV") company based in Sweden. Instead, get to know the company a little better. Polestar have confirmed the previously rumoured SPAC merger with GGPI bringing the EV manufacturer to the NASDAQ with a valuation of $20 billion. It will also have a more daring design,, The CEO came out and said Polestar wasnt going to be, As I stated in January, I think GGPI stock soon to be. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Critics of the practice include Warren Buffett. The merger with Polestar via SPAC deal to take it public is finally nearing completion. Also, over the years the firm has recovered or secured over a dozen cash common funds for shareholders in mergers & acquisitions class action cases. Second, it currently trades at an attractive valuation relative to its prospects. Even if its an SUV such as the Polestar 3, it will have a sleek silhouette, meaning there will be less emphasis on cargo space and more emphasis on propulsion. Special purpose acquisition company (SPAC) Gores Guggenheim (NASDAQ: GGPI) continues to be on schedule with its planned merger with electric vehicle (EV) maker Polestar. As I stated in January, I think GGPI stock soon to be PSNY once the merger is completed is an excellent long-term buy, primarily because it already has sold 29,000 vehicles (2021), it expects to produce 65,000 in 2022 and 290,000 annually by 2025. I think this stock may continue to trade in the low teens until the de-SPAC merger happens in 2022. The opinions and information contained herein have been obtained or derived from sources believed to be reliable, butBoardroom Alphacannot guarantee its accuracy and completeness, and thatofthe opinions based thereon. Contact:Juan E. Monteverde, Esq.MONTEVERDE & ASSOCIATES PCThe Empire State Building350 Fifth Ave. Suite 4405New York, NY 10118United States of America[emailprotected]Tel: (212) 971-1341. The SPAC merger deal was announced on Sept. 27, where GGPI SPAC agreed to merge with the Swedish private EV car maker Polestar. Owner Earnings per Share (TTM) explanation, calculation, his Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Broadcom continued to produce better results and forecast better near-term sales than Wall Street expects Thursday, and shares rose in extended trading. Gores Guggenheim believes the deal will raise about $850 million in gross proceeds. Our 3 Top Picks. 1125 N. Charles St, Baltimore, MD 21201. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. That is, when EV companies, in the process of ramping up production, can get their facilities firing on all cylinders. The Polestar deal will be supported by cash proceeds of around $800 million from Gores Guggenheim, assuming no share redemptions by public stockholders of the blank-check firm. Higher interest rates aren't deterring companies with high credit ratings from borrowing in the U.S. corporate bond market at a record clip in 2023. If youre investing in AI stocks, watch out for these revenue and earnings tricks, After loss against Meta, Lina Khans ability to rein in Big Tech with the FTC is being questioned, Veris Residential and Rogers Stock See Action From Activist Investors, The U.S. housing market is crumbling under the weight of higher mortgage rates and rock-bottom affordability: Prices fell the most in these U.S. states, Am I crazy? After my mother died, my cousin took her designer purse, and my aunt took 8 paintings from her home then things really escalated. However, it was what he said Polestar is and, The aim of the Polestar range is to be sportier and to have a stronger focus on the driver. The latest deal will provide a key test of investor appetite for SPAC deals after other such transactions in the electric vehicle sector soured over the past few months. DWACW (Digital World Acquisition) Owner Earnings per Share (TTM) as of today (March 02, 2023) is . Do this now. Data is a real-time snapshot *Data is delayed at least 15 minutes. Last month, Hertz added Teslas mid-size SUV Model Y to its electric vehicle fleet. Don't take it as financial . On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. Share of GGPI closed up 12% today on news that the company has a deal . Thats especially the case with GGPI stock. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. The five-year agreement gives renters an alternative to Tesla (TSLA), which announced a relationship with Hertz in November 2021. Inc. ("GGPI" or the "Company") (GGPI) a special purpose acquisition company, relating to the proposed merger with Polestar Automotive Holding Limited. For the best MarketWatch.com experience, please update to a modern browser. GGPI shares have been trading in a steady ~$11 range prior to day's announcement (shares are up 8% intraday). However, it was what he said Polestar is and isnt that caught my attention. On 11/4/2021 the company announced a proposed merger with TradeStation Group, Inc, who provides award-winning trading and . The technology is used widely in the. However, according to Volvo, only 100 were made in the initial year. That said, I suppose you could also argue that GGPI will move significantly higher once its trading under its new symbol, PSNY. Under the terms of the agreement, GGPI . Last year, a record 613 SPAC listings occurred on U.S. exchanges, raising a total of $145 billion. If you own the shares of the EV maker already, dont worry about its poor performance recently, I wrote in January. About the Car Design Award. proporcionarte nuestros sitios y aplicaciones; autenticar usuarios, aplicar medidas de seguridad y evitar el spam y los abusos, y. medir el uso que haces de nuestros sitios y aplicaciones. We use cookies to optimize our website and our service. Banking giant TD still wants to buy First Horizon a year after megadeal was announced, but the purchase price may drop, given lower sector valuations. Ingenlaths comments in Automotive News laid out Polestars three-pronged production plan for China, South Carolina and Europe. GGPI Stock Price - Gores Guggenheim, Inc. is a blank check company. Build your trading network; Follow your favorite assets . After a bustling 2021, the entire SPAC market has slowed markedly amid theglobal marketdownturn. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. . The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. He lives in Halifax, Nova Scotia. At writing, its at $9.97 per share, just a penny above its debut price. Yet while its made this major progress, its not resulting in a big move for shares. SPACs are publicly listed companies that are raised with the intention of merging with a private company at a later date. It was established to help Volvo win the Swedish Touring Car Championship. The industry leader for online information for tax, accounting and finance professionals. Nelzon Peltz and Trian dropped their proxy fight against Walt Disney Co. (DIS) following Disneys cost cutting, reorg, and board appointments. For aggressive, long-term investors who seek exposure to electric vehicles and dont already own GGPI stock, it is an excellent name to buy. Polestar itself is a joint venture between, However, because Geely owns 78.4% of Volvo Cars stock not to mention nearly 97% of its voting power Polestar will ultimately be controlled by the Chinese car company and billionaire Li Shufu, the worlds, Additionally, a possible third alternative here is to buy the. Recently, I also suggested that Matterport (NASDAQ:MTTR) was an excellent buy under $20. In turn, GGPI stock has fallen back to its original SPAC price of $10 per share. The post Keep an Eye on Gores Guggenheim Stock, as it Gears Up for its EV Merger appeared first on InvestorPlace. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. It is the biggest blank-check merger in the EV sector since Lucid Motors struck a $24-billion deal with Michael Klein's Churchill Capital IV Corp. in February. As you might be aware, post-merger, Polestars existing shareholders will own, . The company is headquartered in Sweden but manufactures its EVs in China. Ingenlath wants customers that will be loyal to the Polestar brand. At the end of November, I argued that GGPI stock was a better buy for aggressive investors than Rivian (NASDAQ:RIVN) in the long term. On the date of publication, neither LouisNavellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. InvestorPlace->, InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Rubicon Technologies (RBT) CEO Jevan Anderson resigned, Marblegate is merging with itself, and the rest of the days digest. The company's listing plan comes as automakers shift their focus to environmentally friendly vehicles amid rising pressure from lawmakers and investors concerned about climate change. We can put the money raised into developing the technology and the market," Thomas Ingenlath, Polestar's chief executive, said in an interview. Establishing itself in the European market, it could see tremendous growth as it enters the U.S. market. What Is the Best EV Stock to Buy Now? On July 8,. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. When typing in this field, a list of search results will appear and be automatically updated as you type. I entered GGPI and will increase my position tomorrow tho. At the end of November, I argued that GGPI stock was a better buy for aggressive investors than, f a stock is destined to be a long-term winner (five to 10 years out), there is no rush to run out and buy it. Ultimately, Tyler felt that waiting could get you a better entry point. We want to hear from you. It doesnt matter if you have $500 in savings or $5 million. Copyright EV maker Polestar going public via a SPAC with Gores Guggenheim. Although its unclear whether it zooms or sits idle in the near-term, over a longer timeframe it could really take off. Cuando utilizas nuestros sitios y aplicaciones, usamos. Oklahoma's governor set a special vote for March 7 after a pot referendum was pulled off the November ballot, and in Pennsylvania, a lawmaker launched new bill. Instead, it would be a niche producer of EVs. Ventoux CCM Acquisition Corp. . Illusion versus reality. If you owned common stock in the Company and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. He lives in Halifax, Nova Scotia. Its safe to say this isnt the best market for an EV company to debut. Assuming it hits its growth targets, delivering a six-figure amount of vehicles annually, and generating tens of billions in annual sales, within three years. With all that said, your question is between taking the risk of GGPI tanking after merger vs maybe missing out a huge chunk of gains. Article printed from InvestorPlace Media, https://investorplace.com/2022/03/ggpi-stock/. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. once the merger is completed is an excellent long-term buy, primarily because it already has sold 29,000 vehicles (2021), it expects to produce 65,000 in 2022 and 290,000 annually by 2025. Post-merger, itll have a market capitalization of $21.8 billion. Place to discuss GGPI and Polestar. I share my. The Company has selected December 31 st as its fiscal year-end. The higher the price point, the easier it is to pull off. And Im not even a total car geek. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. LOS ANGELES & GOTHENBURG, Sweden, June 21, 2022 -- ( BUSINESS WIRE )--Gores Guggenheim, Inc. ("Gores Guggenheim" or the "Company") (NASDAQ: GGPI, GGPIU and GGPIW), a special purpose acquisition. Therefore, it might make sense to buy now before the merger, rather than afterwards. He has also been selected by Martindale-Hubbell as a 2017-2021 Top Rated Lawyer. did not have (either directly or indirectly) any positions in the securities mentioned in this article. At $11.20 it's $24 billion. Comprehensive research and analytics on every SPAC, sponsor, and deal. Copy and paste multiple symbols separated by spaces. Si no quieres que nosotros ni nuestros socios utilicemos cookies y datos personales para estos propsitos adicionales, haz clic en Rechazar todo. The Gravity performance luxury SUV is expected to come to market in North America in 2023. This news follows the September announcement of Polestar's intention to list on Nasdaq in connection with its proposed business combination with Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW, and GGPIU), which is expected to close in the first half of 2022. Enthusiasm about the deal, which was announced last fall, has seen a big drop in recent months. Availability is expected to begin in Spring 2022 in Europe and late 2022 in North America and Australia. The merger between Polestar and Gores Guggenheim (NASDAQ:GGPI) is expected to happen in the first half of 2022. Copyright 2023 MarketWatch, Inc. All rights reserved. The deal also includes a PIPE, or private investment in public equity, of $250 million from top-tier institutional investors. The technical storage or access that is used exclusively for anonymous statistical purposes. As a result, I think its chances of survival are much higher than brands such as, On the date of publication, Will Ashworth. Inc. ("GGPI" or the "Company") (GGPI)a special purpose acquisition company, relating to the proposed merger with Polestar Automotive Holding Limited. Shares of Gores Guggenheim pared some earlier gains and were up over 4% in morning trading. After a bustling 2021, the entire SPAC market has slowed markedly amid the global market. The opinions expressed in this article are those of the writer, subject to the, Gores Guggenheim Is a Buy, But Consider an Alternative in the Short Term, Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy, Apple tops ranking of global companies with the most 'green' revenue, UPDATE 2-North Korea says UN should demand end to S.Korea-US military drills, US Treasury puts cost of outbound investment risk program at $10 million, US Jobs Report and Powell Testimony Take Center Stage: Eco Week. Its beginning dates back to 1996. A Polestar will be more progressive and avant-garde; therefore, it will not be loved by everybody, but it will address its fans, Ingenlath stated. Many EV enthusiasts see its focus on performance vehicles as a differentiator. That said, unlike LCID, which was a pre-revenue, pre-production company, Polestar is very much established, having met its production target of 29,000 cars in 2021. PublicSq. It is the biggest blank-check merger in the EV sector since Lucid Motors struck a $24-billion deal with Michael Klein's Churchill Capital IV Corp. in February. I also said that, at these prices, GGPI stock would seem like a steal in a few years. Investors still bullish on EV stocks can purchase shares of Polestar once PSNY stock starts trading tomorrow morning. Polestar delivered about 10,000 vehicles globally last year and expects to sell about 290,000 vehicles per year by 2025. He particularly enjoys creating model portfolios that stand the test of time. Create an account to follow your favorite communities and start taking part in conversations. The transaction is expected to close in the first half of the year. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.monteverdelaw.com/case/gores-guggenheim-inc, SHAREHOLDER ALERT: The M&A Class Action Firm Announces the Investigation of Adamis Pharmaceuticals Corp. - ADMP, SHAREHOLDER ALERT: The M&A Class Action Firm Announces the Investigation of Ranger Oil Corp. - ROCC. Im 66, we have more than $2 million, I just want to golf can I retire? It is free and there is no cost or obligation to you. Defends Financial Benefits of IAA Deal. I also said that, at these prices, GGPI stock would, The critical distinction about Polestar is that its not a startup. Matterport merged with Gores Holdings VI back in July and Gores brought $310 million in cash to the deal after redemptions. At least 73 SPACs that had planned to go public this year have since been canceled due to deteriorating market conditions. Sign up below to get this incredible offer! However, over a longer timeframe, it could zoom to price levels well above $20 per share. PSQ Holdings is a marketplace that connects who it describes as "freedom-loving" Americans. Bruce Ogilvie and Jeff Walker discuss Alliance Entertainment going public via Adara Acquisition Corp. (ADRA). Fifty years from now, it might turn out that Polestars affiliation with Volvo did little to catapult it into the EV big leagues. In fact, he should be used by U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler as an example of the good accomplished with blank-check names. SPACs are publicly listed companies that are raised with the intention of merging with a private company at a later date. Ends. Market is a lot different now versus CCIV/LCID times. Polestar, founded in 2017 by Volvo Car Group (VOLVb.ST) and China's Zhejiang Geely Holding (GEELY.UL), also counts Hollywood actor Leonardo DiCaprio among its investors. Sept 27 (Reuters) - Swedish electric-car maker Polestar said on Monday it will go public by merging with a U.S.-listed blank-check firm backed by billionaire Alec Gores and investment bank Guggenheim Partners at an enterprise value of $20 billion. Whats our next move? "We will build in America for Americans," says Thomas Ingenlath, Polestar CEO. Attorney Advertising. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. A Division of NBCUniversal. It was a slower month to kick off the year for SPACs. Merging with Colombier Acquisition in $200M Deal. Intraday Data provided by FACTSET and subject to terms of use. Still think GGPI is undervalued. read more. Its beginning dates back to. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Written by Copyright 2023 InvestorPlace Media, LLC. DWAC (Digital World Acquisition) Accumulated other comprehensive income (loss) as of today (March 02, 2023) is $0.00 Mil. Based on a $49K starting price, the deal is valued at ~$3.2B. ET It has been over a month since the rumor started floating that the SPAC Gores Guggenheim (GGPI) could merge with premium EV manufacturer Polestar. The Company completed the Public Offering on March 25, 2021 (the "IPO Closing Date"). mostrar anuncios y contenido personalizados basados en perfiles de inters; medir la efectividad de los anuncios y el contenido personalizados, y. desarrollar y mejorar nuestros productos y servicios. However, thats an entirely different subject than whether you should buy GGPI at todays prices. Theres even room for more lines.