Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 194

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 194
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146 |
| Prepaid assets                                  |     |   |   6,050 |
| Public warrant liability                        |     |   | -40,320 |
| Private warrant liability                       |     |   | -22,770 |
| Total GGI identifiable net assets at fair value |     | $ | 522,106 |

The net assets of GGI are stated at fair value, with no goodwill or other intangible assets recorded. The IFRS 2 Listing expense was calculated as follows:

| Fair value of Polestar1                                          |     |   |      | 22,183,823 |
| Equity interest in Polestar issued to GGI shareholders           |     |   |  5.1 |          % |
| Equity interest in Polestar issued to Former Parent shareholders |     |   | 94.9 |          % |
| Deemed cost of shares issued by Polestar1                        |     |   |      |  1,131,375 |
| GGI identifiable net assets at fair value                        |     |   |      |   -522,106 |
| Sponsor and third-party PIPE Cash                                |     |   |      |   -236,951 |
| IFRS 2 Listing Expense                                           |     | $ |      |    372,318 |

1 - The deemed cost of the shares issued by Polestar was estimated based on the fair value of Polestar at Closing, less an adjustment in respect to the fair value of the earn-out rights (discussed below).

Class C Shares

On the Closing of the BCA, Public Warrants and Private Warrants in GGI that were issued and are outstanding immediately prior to the Closing were exchanged for Class C-1 Shares and Class C-2 Shares in Parent. Class C-1 Shares have the following terms:

• Each whole Class C-1 Share entitles the holder to purchase oneClass A Share in Parent at an exercise price of $ 11.50, subject to adjustments for split-ups and dividends. The Class C-1 Shares may also be exercised on a cashless basis by the holder

• Each whole Class C-1 Share is exercisable 30days after the Closing of the BCA and expires on the earlier of:

◦ June 23, 2027,

◦ the date the Class C-1 Shares are redeemed by the Group, or

◦ the liquidation of the Group.

• The Group may (1) redeem the outstanding whole Class C-1 Shares