Polestar to implement 1-for-30 ADS ratio change

Polestar (PSNY) announced that it plans to change the ratio of its Class A, Class B, Class C-1 and Class C-2 American Depositary Shares to the respective Class A, Class B, Class C-1 and Class C-2 ordinary shares from the current ADS Ratio of one ADS to one ordinary share, to a new ADS Ratio of one ADS to 30 ordinary shares. The company anticipates that the ADS ratio change will be effective prior to the end of 2025.