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Polestar Secures USD 300 Million PIPE and USD 300 Million Debt-to-Equity Swap to Bolster Liquidity

Story Highlights
  • Polestar raised USD 300 million through a PIPE at USD 19.34 per ADS from BBVA and Natixis, each limited to under 10% ownership.
  • Geely Sweden will convert roughly USD 300 million of Polestar term-loan debt into equity, reinforcing liquidity and balance-sheet strength.
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Polestar Secures USD 300 Million PIPE and USD 300 Million Debt-to-Equity Swap to Bolster Liquidity

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Polestar Automotive Holding UK PLC Sponsored ADR Class C ( (PSNYW) ) has provided an announcement.

On 19 December 2025, Polestar announced a USD 300 million private equity investment via a PIPE from Banco Bilbao Vizcaya Argentaria and Natixis, each committing USD 150 million, at a price of USD 19.34 per Class A ADS, with no single institution to hold more than 10% of its equity. As part of the same package, a subsidiary of Geely Sweden Holdings granted the two banks three-year put options that offer an exit route on the new shares, while Geely Sweden agreed to convert about USD 300 million of existing term-facility debt into equity once regulatory approvals are secured, a combined move that Polestar’s CEO said will materially improve liquidity and strengthen the balance sheet, underscoring continued backing from its largest shareholder and potentially easing funding pressures in a highly competitive EV market.

The most recent analyst rating on (PSNYW) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Polestar Automotive Holding UK PLC Sponsored ADR Class C stock, see the PSNYW Stock Forecast page.

Spark’s Take on PSNYW Stock

According to Spark, TipRanks’ AI Analyst, PSNYW is a Neutral.

Polestar’s overall stock score is primarily impacted by its weak financial performance and technical indicators, both scoring at the lowest end. While the earnings call provided some positive insights into revenue growth, the ongoing financial and market challenges significantly weigh down the overall score.

To see Spark’s full report on PSNYW stock, click here.

More about Polestar Automotive Holding UK PLC Sponsored ADR Class C

Polestar Automotive Holding UK PLC is a Swedish electric performance car maker, headquartered in Gothenburg, that sells premium battery‑electric vehicles across 28 markets in North America, Europe and Asia-Pacific. Its current line-up comprises the Polestar 2, 3, 4 and 5, with future models including the Polestar 7 compact SUV and Polestar 6 roadster, and it emphasizes sustainability with targets to halve per‑vehicle emissions by 2030 and achieve climate neutrality across its value chain by 2040.

Average Trading Volume: 68,240

Technical Sentiment Signal: Strong Sell

Current Market Cap: $976.7M

Find detailed analytics on PSNYW stock on TipRanks’ Stock Analysis page.

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