
Gores Guggenheim Inc (NASDAQ:GGPI) shares are trading higher Monday after Polestar announced an agreement with Hertz Global Holdings Inc (NASDAQ:HTZ). Polestar is expected to go public via SPAC merger with Gores Guggenheim in the second quarter.
The newly announced global partnership will allow Hertz to purchase up to 65,000 Polestar electric vehicles over a five-year period. The company will initially order the Polestar 2 model.