Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 197

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 197
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 | 22,400 |     |      | — |
| Fair value change - Class C-2 Shares |     |                                 |  9,000 |     |      | 12,690 |     |      | — |
| Fair value change - Class C Shares   |     | $                               | 22,000 |     | $    | 35,090 |     | $    | — |

Earn-out rights

On the Closing of the BCA, the Former Parent (or the shareholders of the Former Parent if the Former Parent is dissolved or liquidated) was issued a contingent right to receive earn-outs of up to 24,078,638Class A Shares and 134,098,971Class B Shares in Parent, issuable in fivetranches that each comprise 4,815,728Class A Shares and 26,819,794Class B Shares in Parent. Each tranche is issuable once the daily volume weighted average price of Class A Shares in Parent meets specific price hurdles for 20trading days out of any 30day trading period beginning after December 23, 2022 and ending on December 23, 2028. The daily volume weighted average price of Class A Shares in Parent that is required to trigger each tranche is as follows:

• Tranche 1 — $ 13per share

• Tranche 2 — $ 15.50per share

• Tranche 3 — $ 18per share

<div align='center'>F-50</div>

• Tranche 4 — $ 20.50per share

• Tranche 5 — $ 23per share

If the daily volume weighted average price of Class A Shares in Parent triggers a higher price tranche prior to triggering a lower price tranche, all tranches below the tranche triggered are also triggered for (e.g., if tranche 5 is triggered, tranches 1 through 4 are also triggered). Additionally, in the event there is a change of control of the Group (i.e., there is a change in greater than 50% equity ownership of the Group) all five tranches are automatically triggered for issuance. The Former Parent’s contingent right to the earn-out tranches that are not triggered for issuance by December 23, 2028 will expire immediately.

The Group applied the provisions of IAS 32 and IFRS 9 in accounting for the contingent earn-out rights of the Former Parent. Under IAS 32 and