Polestar and Gores Guggenheim, the special purpose acquisition company planning to merge with EV maker, said Tuesday that they expect the deal to raise at least $850 million.
The companies foresee the merger closing on Thursday, subject to Gores Guggenheim stockholder approval.
If that happens, Gores Guggenheim's Nasdaq listing under the ticket symbol GGPI will switch to the combined companies' new symbol, PSNY, and start trading in New York on Friday.
A bell-ringing ceremony in New York is planned for June 28 as Sweden has a national holiday on Friday.
Polestar first announced plans to list as a public company on the Nasdaq with Gores Guggenheim last September.