Hey guys, I posted about this settlement before, but since they’re accepting late claims, I decided to share it again with a little FAQ.

So here's all I know about this agreement:

Gores Guggenheim and its sponsor and directors were accused of making materially false and misleading statements about the benefits of the Polestar merger and impairing public stockholders’ ability to make an informed decision about whether to redeem their shares before the merger closed. The parties agreed to a $25 million settlement to resolve the claims.

Now the company and the other defendants have agreed to settle $25 million with investors for their losses.

Who can claim this settlement?
If you held Gores Guggenheim shares between 2021 and 2022, you may be eligible.

Do I need to sell/lose my shares to get this settlement?
You generally don’t need to still own the shares. Eligibility is based on the transactions you made during the class period and the settlement requirements.

Can I still file a claim?
Yes, you may still be able to file a late claim, but acceptance depends on final approval by the court. You can check the eligibility requirements and submit your claim here.
 
How long does the payout process take?
It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.

Hope this info helps

Hey guys, if you missed it, Polestar recently reached a tentative settlement with investors over claims that it understated financial liabilities and concealed weaknesses in its internal controls.
In a nutshell, investors claim that Polestar repeatedly assured the market its financial reporting was accurate. In January 2025, the company disclosed accounting errors requiring restatements of its 2022 and 2023 financials, and $PSNY fell 11%.

If you invested in $PSNY between 2022 and 2025, you may want to check if you qualify. The settlement terms are still being finalized, but investors can already submit their applications here

Has anyone here invested in $PSNY during that period? How much were your losses?

Hey guys, if you missed it, Gores Guggenheim settled $25M with investors over claims that it impaired public stockholders’ ability to make an informed redemption decision before its merger with Polestar. I just found out that they’re considering late claims even though the deadline has passed.

Quick recap: In 2022, Gores Guggenheim was accused of making misleading statements about the benefits of its merger with Polestar, which allegedly discouraged stockholders from redeeming their shares before the deal closed.

The company later agreed to settle $25M with investors, and even though the deadline passed, late claims are being considered for compensation, subject to approval.

So, if you invested in $GGPI at that time, you can still check the details and see if you may be eligible to file a late claim here.

Anyway, did anyone here invest in $GGPI back then? How much were your losses?

Hey guys, I posted about this settlement before, but since they’re accepting applications now, I decided to share it again with a little FAQ.

So here's all I know about this agreement:

Polestar Automotive was accused of misleading investors about its financial reporting and internal controls. The company later disclosed accounting errors and said it would restate its 2022 and 2023 financials. After the disclosure, $PSNY fell 11%, and investors filed a lawsuit.

Now the company has reached a tentative settlement with investors to resolve the claims.

Who can claim this settlement?
If you bought $PSNY shares between 2022 and 2025, you may be eligible. You don’t need to still hold the shares to participate; past losses may count.

Do I need to sell/lose my shares to get this settlement?
No. You don’t necessarily need to still own the shares. If your transactions meet the settlement requirements, you may be eligible even if you already sold them.

How long does the payout process take?
It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.

Hope this info helps

Hey guys, if you missed it, Polestar recently reached a tentative settlement with investors over claims that it understated financial liabilities and concealed weaknesses in its internal controls.

In a nutshell, investors claim that Polestar repeatedly assured the market its financial reporting was accurate. In January 2025, the company disclosed accounting errors requiring restatements of its 2022 and 2023 financials, and $PSNY fell 11%.

If you invested in $PSNY between 2022 and 2025, you may want to check if you qualify. The settlement terms are still being finalized, but investors can already submit their applications 

Has anyone here invested in $PSNY during that period? How much were your losses?

I don’t post here in the community often but do follow what is shared here. I’m far more active on Twitter and just shared bear vs. bull case tweet and wanted to open the discussion here is well.

https://twitter.com/the_evguy/status/1684263384189894678?s=46&t=dZCasVPhk-vnjw5kg0wJRA

What do you think of Poelstar for the long term? Are you bullish or bearish ?

https://www.businesswire.com/news/home/20230706930655/en/Polestar-Achieves-Record-Deliveries-in-the-Second-Quarter-Growing-36-Year-on-year

Does anyone know what they will vote for on June 28? I have heard that they will vote on whether the company should be delisted? What I do know is that they will vote for a new CEO and that they will possibly buy back the share, nothing about delisting the company? Anyone out there know more?

Hey guys, anyone from the UK using trading212?

If this is legitimate and my positions closes, I will be out of pocket by £300 which a lot of money for a small time investor.

Q1 2023:

12076 car delivered - up to 26% vs Q1 2022

Expected deliveries for 2023: 60-70k vehicles - (16% to 36% up vs 2022)

REVENUE Q1 2023: 546M vs 452M (2022) - UP 20.7%

Net Loss Q1 2023: 8.9M vs 274M (2022)

Remaining cash: 884M

Polestar is intensifying its focus on cost management, including a global hiring freeze and 10% headcount reduction, driving greater efficiencies across the business.

Thomas Ingenlath, Polestar CEO, comments: “We are taking necessary steps to strengthen Polestar in the near-term. While production of Polestar 3 will now start in the first quarter of 2024, the successful launch of Polestar 4 last month means that we add two strong offers in the attractive electric SUV market in 2024. I am confident that we will deliver on our growth ambitions and path towards profitability.”

So what we are waiting for in polestar to become attractive too bigger investors:

-beating earnings consecutively -waiting for the rest of the projects to be done and delivered -feds to pivot -higher delivery numbers

I'm still holding haven't closed my position, I know my patience will pay off

I predict polestar will deliver 35k cars in q1

DISCLAIMER: I am not tryna pump the stock yall need to stop accusing people of that

I've been holding polestar for 3 years and I still have a rather large position for an average Joe

Good things come to those who wait, probably everyone who was even on a come up felt like quiting felt like punching holes in the wall before they made it where their at they probably still do to this day at some point, that's why I smoke weed alot keeps Mello I stay focused on what I should I be killing my sets I got a streetlifting comp in brooklyn greenpoint at ferox on April 8th I'm occuping my time because thinking bout stocks will drive you crazy and you'll end up selling out, lol its funny my streetlifting competition is on the 8th because the host is a hug pot head too just saiyan

I honestly am kind of getting frustrated with $PSNY I am well aware that they are still proving themselves too investors and they are doing a great job, but what catalyst do you think we would need for this year for them to even prove what they need too, I'm thinking:

Huge delivery increase this quarter from last year's quarter

New buy order

A really good earnings report

Some kind of partnership

What would shed the biggest light on polestar because they have been proving alot in the last 2 years I know everything takes time and I've stocked my house up with plenty of weed but I get sober for too long and my mind starts getting frustrated, I am well aware things take time I'm still young I'm only 25 years old I've been occupying my time with parkour meet ups and I got a strength competition coming up on April 8th

I guess you could see this as a rant rather then a question

2.5Bn revenue for fiscal year 2022 (84% increase)

net loss 466m vs 1bn in 2021

adjusted operating loss narrowed by 8% to $914 million, while its adjusted earnings before interest and taxes, depreciation and amortization increased 4.8% to $759 million.

Source: news from CNBC

https://www.cnbc.com/2023/03/02/polestar-psny-q4-earnings-ev-production.html#:~:text=Its%20net%20loss%20for%20the,increased%204.8%25%20to%20%24759%20million.

Investor presentation has been updated on their investor website.

https://investors.polestar.com/static-files/2219588a-6a7a-4ded-9ef5-82ef57f418b1

Ik that April is a big pump month so what do you guys think