Hi there.
Polestar, an EV company that sells electric cars in Europe, wants to go public through a SPAC merger with Gores Guggenheim.
Polestar itself is, in my opinion, definitely worth more than 1.5 Billion dollars in Market Cap if you compare it to other EV stocks, like Lucid, Rivian or Fisker.
However, Gores Guggenheim has a market cap of only 1.5 Billion dollars. Surely, I'm missing something here? I'm quite certain that I'm missing something. If the merger goes through, what happens to the market cap and stock price of Gores Guggenheim?
Will the MC just go to a few billion while the stock price stays the same? Will the stock disappear? I really don't know how this works.
Submitted November 15, 2021 at 02:00PM by esdedics https://ift.tt/325J5py
