Polestar Secures $400M Equity Investment
Polestar announced a $400M equity investment by Feathertop Funding and Standard Chartered Bank with $200M each. Concurrent with the purchase, these financial institutions have each entered into a put option arrangement with a wholly-owned subsidiary of Geely Sweden Holdings, which provides the financial institutions with an exit path, if needed, in three years with certain returns, as part of this equity financing arrangement. The terms are similar to the equity financing arrangements announced by the company in December 2025. Following the closing of the transaction with Sumitomo Mitsui Banking and Standard Chartered Bank, neither financial institution will own more than 10% of Polestar's outstanding equity. The price per Class A ADS to be purchased at the closing will be $19.34, which is the same price as in the equity financing in December. The financial institutions will not have any restrictions on the sale of the Class A ADSs they receive, subject to any applicable securities laws. The transactions are expected to close by February 5 as no regulatory approvals are required.
