Polestar Secures $400 Million Equity Backing; Shares Tick Up in Premarket Trade
Polestar Automotive Holding UK Plc A (NASDAQ:PSNY) said it has obtained a $400 million equity investment through a special purpose vehicle consolidated to two major banks, driving a 4.1% rise in premarket trading on Monday. The funding - split evenly between Sumitomo Mitsui Banking Corporation and Standard Chartered Bank (Hong Kong) Limited - is ex…