Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 399

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 399
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735)                    
  Issuance to GGI shareholders                                           82,193,962      —                     ( 822)                                              ( 521,285)                    
  Listing expense                                                                 —      —                     —                                                   ( 372,318)                    
  Transaction costs                                                               —      —                     —                                                       38,903                    
  Post-closing of the merger with GGI                                                                                                                                                            
  Equity-settled share-based payment                                        876,451      —                     ( 9)                                                  ( 9,900)                    
  Balance as of December 31, 2022                                       467,677,673      1,642,233,575         $                     ( 21,165)                              $      ( 3,584,232)  
  Equity-settled share-based payment                                        299,075      —                     ( 3)                                                  ( 5,390)                    
  Related party capital contribution 2                                            —      —                     —                                                    ( 25,565)                    
  Balance as of December 31, 2023                                       467,976,748      1,642,233,575         $                     ( 21,168)                              $      ( 3,615,187)  
  Conversion of Class B to Class A (1:1)                              1,592,341,000      ( 1,592,341,000)      —                                                            —                    
  Equity-settled share-based payment                                        144,249      —                     ( 1)                                                  ( 9,840)                    
  Balance as of December 31, 2024                                     2,060,461,997      49,892,575            $                     ( 21,169)                              $      ( 3,625,027)  

1 - The Volvo Cars Preference Shares subsequently converted into Class A shares following the merger with GGI on June 23, 2022.

2 - Refer to the Other financing instruments section of Note 27 - Related party transactions for more details.

Closing of the merger with GGI

F-54

T able of Contents

Between January 1, 2022, and prior to the Closing of the merger with GGI, there were no events impacting the Group’s equity other than the issuance of 50,000 1.00 65

In connection with the Closing of the merger with GGI and the removal of the Former Parent (Polestar Automotive Holding Limited) from the Group:

•197,026,729