Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 11

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 11
---
 is exercisable for one Class A Share.

<div align='center'>1</div>

“ Class C-2 ADS ” means one American depositary share of the Company into which each GGI Private Placement Warrant has been automatically cancelled and extinguished and converted into the right to receive one Class A ADS and each of which is duly and validly issued against the deposit with the Depositary of an underlying Class C-2 Share.

“ Class C-2 Share ” means a class C-2 ordinary share in the share capital of the Company, each of which underlies a Class C-2 ADS and is exercisable for one Class A Share.

“ Code ” means the U.S. Internal Revenue Code of 1986, as amended.

“ Company ” means, prior to the re-registration as a public limited company under the laws of England and Wales, “Polestar Automotive Holding UK Limited,” a limited company incorporated under the laws of England and Wales, and, after the re-registration as a public limited company under the laws of England and Wales, “Polestar Automotive Holding UK PLC.”

“ Company securities ” means the Shares and Class C Shares.

“ Current GGI Certificate ” means the Amended and Restated Certificate of Incorporation of GGI, dated March 22, 2021.

“ December PIPE Investment ” means the purchase of December PIPE Shares pursuant to the December PIPE Subscription Agreements.

“ December PIPE Investors ” means the purchasers of December PIPE Shares in the December PIPE Investment, which include certain affiliates and employees of the GGI Sponsor.

“ December PIPE Shares ” means the Class A Shares in the form of Class A ADSs purchased by December PIPE Investors in the December PIPE Investment.

“ December PIPE Subscription Agreements ” means the share subscription agreements, dated December 17, 2021, by and among the Company, GGI and the December PIPE Investors pursuant to which the December PIPE Investors purchased the December PIPE Shares.

“ Deferred Shares ” means the deferred shares of USD 0.01 each in the capital of the Company that have no right to vote or dividend rights.

“ Deloitte ” means Deloitte AB, an independent registered public accounting firm.

“ Deposit Agreements ” means the ADS Deposit Agreement—Class A ADSs, the ADS Deposit Agreement—Class C-1 ADSs and the ADS Deposit Agreement—Class C-2 ADSs.

“ Depositary ” means Citibank, N.A., acting as depositary under the Deposit Agreements.

“ Earn Out Class A Shares ” means the