Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 195

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 195
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 at a price of $ 0.01per Class C-1 Share or (2) convert the outstanding whole Class C-1 Shares in Class A Shares in Parent on a cashless basis any time while the warrants are exercisable upon a minimum of 30days prior written notice of redemption if, and only if, the last sales price of the Class A Shares in Parent equals or exceeds $ 18per share (as adjusted for split-ups, dividends, and the like) on each of 20trading days within any 30trading day period ending on the third business day prior to the date on which redemption notice is given.

• The Group may require the conversion of all of the outstanding Class C-1 Shares into Class A Shares in Parent on a cashless basis beginning on October 24, 2022, provided:

◦ that the last reported price of the Class A Shares in Parent was at least $ 10.00per share (as adjusted for split-ups, dividends, and the like) on the trading day prior to the date on which redemption notice is given,

◦ the Class C-2 Shares are converted on the same basis as the outstanding Class C-1 Shares, and

◦ there is an effective registration statement covering the Class A Shares in Parent arising upon conversion of the Class C Shares is available for 30days prior to the date the Class C-1 Shares are redeemed by the Group.

• The Class C-1 Shares may be exercised, on a cash or cashless basis at any time after a notice of redemption shall have been given by the Group and prior to the date the Class C-1 Shares are redeemed by the Group.

The Class C-2 Shares are identical to the Class C-1 Shares, except that the Class C-2 Shares:

• are not redeemable by the Group as long as they are held by certain GGI investors and their permitted transferees;

• automatically convert to Class C-1 Shares if they are transferred to individuals other than certain GGI investors and their permitted transferees;

• may be converted to Class C-1 Shares at any time by the holder upon notification to the Group; and

• are exercisable on a cashless basis by the holder.

<div align='center'>F-49</div>

The Group applied the provisions of IAS 32 , and IFRS 9 in accounting for the Class C Shares. Under IAS 32 and IFRS 9, the Class C Shares failed to