Polestar went public on Nasdaq on June 24 via a merger with Gores Guggenheim, a special purpose acquisition company (SPAC), and rang the opening bell on June 28
Other EV startups that chose the SPAC shortcut instead of a traditional IPO haven't done that well lately, with notable examples including Lucid Group, Fisker and Nikola, which are currently trading at 67%, 69% and 92% below their post-merger highs, respectively.
