Geely Polestar will backdoor Gores (GGPI.US) listed

On September 28, Geely’s electric vehicle manufacturing company Polestar and special purpose acquisition company Gores Guggenheim (GGPI.US) signed a merger agreement and announced that they will be listed soon.

After the merger of Polestar and GGPI, the company's market value is 21.2 billion US dollars. The current GGPI stock price of 10.45 US dollars has no arbitrage space, because the combined share capital will expand to 2.1 billion shares.