Volvo Cars to Subscribe to Future Equity in Polestar, in Proportion to Its Ownership Stake

• (PLX AI) - Volvo Cars says it intends to subscribe for potential future equity or equity linked securities issued by Polestar, in proportion to its ownership stake.
• • This intention applies to the period after a proposed listing at Nasdaq New York and until March 31, 2024
• • Volvo Cars is the largest shareholder in Polestar, currently holding 49.5%
• • Polestar has declared that it anticipates it will need to raise additional funds through debt and equity financings to support its continued growth based on its current business plan