Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 388

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 388
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 tax in scope of IAS 12. The Group has applied a temporary mandatory relief from deferred tax accounting. Any Pillar Two income taxes are accounted for as current taxes.

Note 14 - Net loss per share

For the years ended December 31, 2024 and 2023, potentially dilutive instruments issued were unvested equity-settled payments discussed in Note 8 - Share-based payment. For the year ended December 31, 2022, potentially dilutive instruments issued were the Class C Shares and the earn-out to the Former Parent related to the Closing of the BCA discussed inNote 18 - Reverse recapitalization, and unvested equity-settled payments discussed inNote 8 - Share-based payment. The Convertible Notes of the Former Parent were the only dilutive instrument outstanding prior to the reverse recapitalization and were converted to Class A Shares in the Group upon the Closing of the BCA. These financial instruments were excluded from the diluted weighted average number of ordinary shares calculation as their effect would have been anti-dilutive. Dilutive net loss per share was the same as basic net loss per share for all periods presented.

Loss per share for the periods prior to the reverse recapitalization are retrospectively adjusted to reflect the number of equivalent shares issued by the parent to the former parent, based on the number of shares outstanding on the reporting dates multiplied by the exchange ratio of 8.335Note 22 - Equity for further details. The following table presents the computation of basic and diluted net loss per share for the years ended December 31, 2024, 2023, and 2022 when applying the exchange ratio:

                                                             For the year ended December 31,                                    
                                                                                        2024              2023            2022  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                 Class A and B Common Shares                                    
  Net loss attributable to Polestar Group                                       ( 2,049,897)      ( 1,181,875)      ( 479,017)  
  Weighted-average number of common shares outstanding:                                                                         
  Basic and diluted                                                                2,110,285         2,110,069       2,027,328  
  Net loss per share (in ones):                                                                                                 
  Basic and diluted                                                                  ( 0.97)           ( 0.56)         ( 0.24)  

The following table presents shares that were not included