Polestar Updates Capital Structure, Consolidates Polestar 3 Manufacturing
ByAinvest
Tuesday, Mar 31, 2026 2:58 am ET1min read
PSNY--
Polestar announces updates to its capital structure, with Volvo Cars agreeing to convert approximately $274 million of its shareholder loan into Polestar's equity. The conversion price will be set at 95% of the 30-day volume-weighted average price in Polestar shares. Additionally, Polestar and Volvo Cars intend to consolidate manufacturing of Polestar 3 in Charleston, South Carolina, USA, to drive efficiencies.
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