Company: PLSAY
Filing Date: 2025-07-01
Form Type: 6-K/A
Source: 0001884082-25-000014
Chunk: 15

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-07-01
Form: 6-K/A
Chunk 15
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 million. These decreases were partially offset by $29.4 million of income, mostly related to income recognized during the six months ended June 30, 2024 for services provided to Polestar Times Technology during the year ended December 31, 2023.

#### Finance income
Finance income for the six months ended June 30, 2024 was $8.1 million, a decrease of $4.4 million, or 35% compared to $12.5 million for the six months ended June 30, 2023. This decrease was primarily the result of lower interest income on bank accounts of $7.2 million. This decrease was partially offset by an increase in other finance income due to the modification of the loan related to the sale of PS3 tooling to a related party of $2.5 million.

#### Finance expense
Finance expense for the six months ended June 30, 2024 was $199.3 million, an increase of $104.3 million, or 110% compared to $95.0 million for the six months ended June 30, 2023. This increase was primarily the result of higher interest expense due to related parties of $45.3 million, higher interest expense associated with liabilities to credit institutions of $38.7 million, and higher negative realized and unrealized foreign exchange effects of $17.4 million.

#### Fair value change - Earn-out rights
The gain on Fair value change - Earn-out rights for the six months ended June 30, 2024 was $139.6 million, a decrease of $93.4 million, or 40% compared to $233.0 million for the six months ended June 30, 2023. This change is primarily attributable to a decrease in Polestar's share price and a comparable change in Polestar’s share price during the six months ended June 30, 2024, as compared to the six months ended June 30, 2023. The share price changed by $1.47, from $2.26 to $0.79 for the six months ended June 30, 2024, compared to $1.49, from $5.31 to $3.82 for the six months ended June 30, 2023. Leveraging a benchmark of peers and utilizing historical data, the implied equity volatility used in the Monte Carlo simulation is 80% as of June 30, 2024, as compared to 75% as of June