Company: PLSAY
Filing Date: 2025-07-01
Form Type: 6-K/A
Source: 0001884082-25-000014
Chunk: 45

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-07-01
Form: 6-K/A
Chunk 45
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 accordance with IAS 32, Financial Instruments: Presentation (“IAS 32”) , and IFRS 9, Financial Instruments (“IFRS 9”), refer to Note 1 - Overview and basis of preparation and Note 18 - Reverse recapitalization in the Consolidated Financial Statements for Polestar Automotive Holding UK PLC, as of December 31, 2023 and 2022, and for the three years ended December 31, 2023, that were included in the Form 20-F/A filed with the SEC on April 23, 2025 .

Class C Shares

The Class C-1 Shares are publicly traded on the Nasdaq (i.e., Level 1 input) and the closing share price of the GGI Public Warrants on June 23, 2022 was used to measure their fair value upon initial recognition. The Class C-2 Shares are not publicly traded and require a valuation approach leveraging Level 2 inputs. Refer to Note 2 - Significant accounting policies and judgements for further details on the valuation methodology utilized to determine the fair value of the Class C-2 Shares upon initial recognition and subsequently thereafter.

|                  |     |                      | As of June 30, 2024 |     |                    |            |     |                      | As of December, 31, 2023 |     |                    |            |
|:-----------------|:----|:---------------------|--------------------:|:----|:-------------------|-----------:|:----|:---------------------|-------------------------:|:----|:-------------------|-----------:|
|                  |     | Liability Fair Value |                     |     | Number Outstanding |            |     | Liability Fair Value |                          |     | Number Outstanding |            |
| Class C-1 Shares |     |                      |               2,870 |     |                    | 20,499,965 |     |                      |                    4,920 |     |                    | 20,499,965 |
| Class C-2 Shares |     |                      |                 630 |     |                    |  4,500,000 |     |                      |                    1,080 |     |                    |  4,500,000 |
| Total            |     | $                    |               3,500 |     |                    | 24,999,965 |     | $                    |                    6,000 |     |                    | 24,999,965 |

| As of January 1, 202