Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 202

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 202
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     |   |   -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 contribution2                           |     |            — |     |             — |     |   |          — |     |   |    -25,565 |
| Balance as of December 31, 2023                               |     |  467,976,748 |     | 1,642,233,575 |     | $ |    -21,168 |     | $ | -3,615,187 |

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.

Pre-closing of the merger with GGI

In March 2021, the Group distributed 18,032,787shares of newly authorized Class B Shares at $ 30.50(in ones) per share for gross proceeds of $ 550,000with related issuance costs of $ 2,843. Of the 18,032,787shares issued, 4,262,295were issued to Geely. In July 2021, 17,345,079Class A Shares were converted to Class B Shares. As of December 31, 2021, 197,026,729Class A Shares and 197,026,729Class B Shares were outstanding, respectively. Each common share was valued at $ 8.04(in ones). Both Class A and B Shares