Polestar C-1 shares surge 10.96% intraday after securing $400M equity financing supported by Sumitomo and Standard Chartered at $19.34 per ADR.
ByAinvest
Monday, Feb 2, 2026 10:28 am ET1min read
PSNYW--
Polestar C-1 surged 10.96% intraday, as the company announced a $400 million equity financing led by Sumitomo Mitsui and Standard Chartered, with each ADR priced at $19.34. Polestar specializes in developing, marketing, and selling battery electric vehicles, reporting $2.03 billion in revenue for 2024.
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