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<blockquote data-quote="Weather Man" data-source="post: 16693172" data-attributes="member: 137766"><p>Tap into the pool of EV stupid money before its gone.</p><p></p><h3>Polestar SPAC Gores Guggenheim surges after proxy filing overnight, EV excitement</h3><p>Nov. 12, 2021 3:54 PM ET<a href="https://seekingalpha.com/symbol/GGPI?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AGGPI" target="_blank">Gores Guggenheim, Inc. (GGPI)</a><a href="https://seekingalpha.com/symbol/RIVN?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ARIVN" target="_blank">RIVN</a>, <a href="https://seekingalpha.com/symbol/LCID?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ALCID" target="_blank">LCID</a><a href="https://seekingalpha.com/author/sa-editor-joshua-fineman?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews" target="_blank">By: Joshua Fineman</a>, SA News Editor<a href="https://seekingalpha.com/news/3770263-polestar-spac-gores-guggenheim-surges-after-proxy-filing-overnight-ev-excitement#comments" target="_blank">33 Comments</a></p><p></p><p><img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1338679991/medium_image_1338679991.jpg" alt="IAA 2021 Munich Auto Show" class="fr-fic fr-dii fr-draggable " style="" /></p><p>Jan Hetfleisch/Getty Images News</p><p></p><p></p><ul> <li data-xf-list-type="ul">Gores Guggenheim Inc. (NASDAQ:<a href="https://seekingalpha.com/symbol/GGPI?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">GGPI</a>), the SPAC that is taking electric car maker Polestar public, jumped 16% after the company filed its <a href="https://www.sec.gov/Archives/edgar/data/0001884082/000119312521327211/d239003df4.htm" target="_blank">preliminary proxy </a>last night and on general excitement for electric vehicles.</li> <li data-xf-list-type="ul">Polestar, the global electric performance car company, <a href="https://seekingalpha.com/pr/18487283-polestar-global-electric-performance-car-company-signs-agreement-to-be-publicly-listed?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">signed an agreement</a> in late September to be publicly listed through combination with Gores Guggenheim (<a href="https://seekingalpha.com/symbol/GGPI?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">GGPI</a>), valuing the <a href="https://seekingalpha.com/news/3744928-polestar-ceo-spac-provided-fast-efficient-way-to-go-public?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">company at $20B.</a> At the time, well-known SPAC investor Alec Gores, one of the backers of GGPI, said the SPAC deal represented a "great entry point" into Polestar because GGPI was conservative in its valuation.</li> <li data-xf-list-type="ul">The move in GGPI also comes after Rivian Automotive (NASDAQ:<a href="https://seekingalpha.com/symbol/RIVN?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">RIVN</a>) <a href="https://seekingalpha.com/news/3770109-rivian-automotive-races-to-a-new-high-as-stakes-increase-on-hitting-2030-targets?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">rose again today</a> following its IPO earlier this week and has now gained 65% since its IPO. Rival electric car maker Lucid Group, which also went public through a SPAC deal, has risen about 83% since its de-spacing in late July. Lucid Group now sports a market cap of more than $65B.</li> <li data-xf-list-type="ul">Earlier, What's in store for<a href="https://seekingalpha.com/news/3770211-whats-in-store-for-lucids-first-ever-q3-earnings?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank"> Lucid's first ever Q3 Earnings?</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16693172, member: 137766"] Tap into the pool of EV stupid money before its gone. [HEADING=2]Polestar SPAC Gores Guggenheim surges after proxy filing overnight, EV excitement[/HEADING] Nov. 12, 2021 3:54 PM ET[URL='https://seekingalpha.com/symbol/GGPI?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AGGPI']Gores Guggenheim, Inc. (GGPI)[/URL][URL='https://seekingalpha.com/symbol/RIVN?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ARIVN']RIVN[/URL], [URL='https://seekingalpha.com/symbol/LCID?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ALCID']LCID[/URL][URL='https://seekingalpha.com/author/sa-editor-joshua-fineman?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews']By: Joshua Fineman[/URL], SA News Editor[URL='https://seekingalpha.com/news/3770263-polestar-spac-gores-guggenheim-surges-after-proxy-filing-overnight-ev-excitement#comments']33 Comments[/URL] [IMG alt="IAA 2021 Munich Auto Show"]https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1338679991/medium_image_1338679991.jpg[/IMG] Jan Hetfleisch/Getty Images News [LIST] [*]Gores Guggenheim Inc. (NASDAQ:[URL='https://seekingalpha.com/symbol/GGPI?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']GGPI[/URL]), the SPAC that is taking electric car maker Polestar public, jumped 16% after the company filed its [URL='https://www.sec.gov/Archives/edgar/data/0001884082/000119312521327211/d239003df4.htm']preliminary proxy [/URL]last night and on general excitement for electric vehicles. [*]Polestar, the global electric performance car company, [URL='https://seekingalpha.com/pr/18487283-polestar-global-electric-performance-car-company-signs-agreement-to-be-publicly-listed?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']signed an agreement[/URL] in late September to be publicly listed through combination with Gores Guggenheim ([URL='https://seekingalpha.com/symbol/GGPI?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']GGPI[/URL]), valuing the [URL='https://seekingalpha.com/news/3744928-polestar-ceo-spac-provided-fast-efficient-way-to-go-public?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']company at $20B.[/URL] At the time, well-known SPAC investor Alec Gores, one of the backers of GGPI, said the SPAC deal represented a "great entry point" into Polestar because GGPI was conservative in its valuation. [*]The move in GGPI also comes after Rivian Automotive (NASDAQ:[URL='https://seekingalpha.com/symbol/RIVN?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']RIVN[/URL]) [URL='https://seekingalpha.com/news/3770109-rivian-automotive-races-to-a-new-high-as-stakes-increase-on-hitting-2030-targets?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']rose again today[/URL] following its IPO earlier this week and has now gained 65% since its IPO. Rival electric car maker Lucid Group, which also went public through a SPAC deal, has risen about 83% since its de-spacing in late July. Lucid Group now sports a market cap of more than $65B. [*]Earlier, What's in store for[URL='https://seekingalpha.com/news/3770211-whats-in-store-for-lucids-first-ever-q3-earnings?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews'] Lucid's first ever Q3 Earnings?[/URL] [/LIST] [/QUOTE]
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