Company: PLSAY
Filing Date: 2025-07-01
Form Type: 6-K/A
Source: 0001884082-25-000014
Chunk: 54

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-07-01
Form: 6-K/A
Chunk 54
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 termination date to June 30, 2027. As a result of the amended terms, Polestar recalculated the carrying amount of the liability as the present value of the modified contractual cash flows and recognized a modification loss of $7,553 within Finance expense for the year ended December 31, 2023. As of June 30, 2024, the Group had principal draw downs of $ 1,000,000outstanding under the facility, and the fair value of the financial liability related to Volvo Cars' conversion right was $ 0.

On November 8, 2023, the Group entered into a credit facility agreement with Geely providing available credit of up to $ 250,000; terminating on June 30, 2027. Other than the amount of credit available, the credit facility agreement with Geely maintains terms that are identical to the amended credit facility agreement with Volvo Cars. As of June 30, 2024 the Group had principal draws of $ 250,000outstanding under the facility and the fair value of the financial liability related to Geely's conversion right was $ 0.

Other financing instruments

On December 8, 2023, Polestar and Geely entered into an asset transfer agreement which, when considered together with certain other agreements not signed until after December 31, 2023, was designed to provide financing to Polestar in exchange for Polestar transferring legal ownership of certain Polestar unique tooling and equipment that will be used in the manufacturing of the PS3 (the "PS3 Tooling and Equipment") to Geely. As of June 30, 2024, total principal of $ 129,521was outstanding under this financing arrangement.

As of June 30, 2024 the total principal balance outstanding under the facilities with Volvo Cars and Geely is reflected within Other current liabilities - related parties and Other non-current interest-bearing liabilities - related parties.

Sale of goods, services and other

The total revenue recognized for each related party was as follows:

|                           |     | For the six months ended June 30, |         |     |           |        |
|                           |     |                              2024 |         |     |      2023 |        |
|                           |     |                         -Restated |         |     | -Restated |        |
| Polestar Times Technology |     |                                   |  61,650 |     |           |      — |
| Volvo Cars                |     |                                   |