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URGENT: The M&A Firm is Investigating the Merger of Gores Guggenheim Is GGPI a buy now in 2021? In other words, hes saying if you buy a Polestar, youll be getting something unique and special. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Stock Prodigy Who Found NIO at $2 Says Buy THIS Now, Man Who Called Black Monday: Prepare Now.. Started over 40 years ago by a business visionary named Tom Phillips, we publish detailed research and recommendations for self-directed investors, financial advisors and money managers. Consumers looking for more ways to save money helped Kroger beat profit expectations and provide an upbeat outlook. None of the information contained in this reportconstitutes, oris intended to constitute a recommendation by Boardroom Alphaofany particular security or trading strategy or a determination by BAthat any security or trading strategy is suitable for any specificperson. We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. Heres why you should consider them. 1125 N. Charles St, Baltimore, MD 21201. Colombier was founded by Omeed Malik, founder and CEO of Farvahar Partners. This is a collection of 34 auto manufacturers, including Geely at a 3.22% weighting. We continue to view GGPI shares as undervalued heading into the merger. Post-merger, itll have a market capitalization of $21.8 billion. Will Ashworth has written about investments full-time since 2008. The opinions expressed in this article are those of the writer, subject to the, Gores Guggenheim Is a Buy, But Consider an Alternative in the Short Term, Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy, Apple tops ranking of global companies with the most 'green' revenue, UPDATE 2-North Korea says UN should demand end to S.Korea-US military drills, US Treasury puts cost of outbound investment risk program at $10 million, US Jobs Report and Powell Testimony Take Center Stage: Eco Week. Real-time alerts, yields, red flags, filings, investors, and much more. Gores Guggenheim Is a Buy, But Consider an Alternative in the - Yahoo! This news follows the September announcement of Polestar's intention to list on Nasdaq in connection with its proposed business combination with Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW, and GGPIU), which is expected to close in the first half of 2022. Anticipation on GGPI/Polestar merger. Post merger, the combined company will be named Polestar Automotive Holding UK Ltd. and will trade under the symbol "PSNY" on the Nasdaq. You might even get a better price in the process., Around the same time as my article, fellow, Chris Tyler argued that technical analysis of the stock suggested the beginning of December. Li-Cycle (LICY) CEO Ajay Kochhar joins Know Who Drives Return to discuss lithium ion battery recycle in the latest podcast episode. Data is a real-time snapshot *Data is delayed at least 15 minutes. With that in mind, I continue to believe in Alec Gores real-world record of success with SPACs. But no matter when exactly the recovery begins, it may be worthwhile to lock down positions before it happens rather than after it happens. The reverse merger between GGPI and Polestar is one of the few large SPAC deals to happen this year. Transaction is expected to be completed in the second quarter of 2022. At least 73 SPACs that had planned to go public this year have since been canceled due to deteriorating market conditions. On May 25, the blank-check company formally announced the date on which shareholders will vote to approve the transaction (June 22). However, if you own, for China, South Carolina and Europe. American Airlines (AAL) announces its new chairman of the board as Gregory D. Smith, the former CEO of Boeing (BA). Insurance Doesnt Have to Be Boring. Intraday data delayed at least 15 minutes or per exchange requirements. With all that said, your question is between taking the risk of GGPI tanking after merger vs maybe missing out a huge chunk of gains. GGPI/ Polestar revs up on HTZ Deal. DWAC Slammed by Elon's TWTR Stake. What happens to my Social Security benefit if my husband dies? February 28, 2023. GGPI shares starting to regain momentum ahead of merger vote. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. For aggressive, long-term investors who seek exposure to electric vehicles and dont already own GGPI stock, it is an excellent name to buy. Nosotros, Yahoo, somos parte de la familia de marcas de Yahoo. The focus was entirely on internal combustion-powered vehicles. I entered GGPI and will increase my position tomorrow tho. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. While EV stocks were hot as recently as last fall, thats far from the case today. The post GGPI Stock Heats Up as Polestar SPAC Merger Closes appeared first on InvestorPlace. Of course, shares of many EV companies are down this year, including market leader Tesla (NASDAQ:TSLA). Right now investors are paying. Banking giant TD still wants to buy First Horizon a year after megadeal was announced, but the purchase price may drop, given lower sector valuations. Contact:Juan E. Monteverde, Esq.MONTEVERDE & ASSOCIATES PCThe Empire State Building350 Fifth Ave. Suite 4405New York, NY 10118United States of America[emailprotected]Tel: (212) 971-1341. 86% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, Stock Prodigy Who Found NIO at $2 Says Buy THIS. For the company going public, a SPAC merger serves as an alternative to a traditional IPO. The deal announcement stated it would close before June 30, 2022. Novembers SPAC market review paints a picture of a SPAC market rushing towards the exit with high, and accelerating liquidations, more deal terminations, and almost no new SPAC IPOs. About the Car Design Award. SPACs are publicly listed companies that are raised with the intention of merging with a private company at a later date. Build your trading network; Follow your favorite assets . Once the deal is completed, Polestar will trade under the ticker symbol PSNY on the Nasdaq. That said, I suppose you could also argue that GGPI will move significantly higher once its trading under its new symbol, PSNY. mostrar anuncios y contenido personalizados basados en perfiles de inters; medir la efectividad de los anuncios y el contenido personalizados, y. desarrollar y mejorar nuestros productos y servicios. Illusion versus reality. He has also been selected by Martindale-Hubbell as a 2017-2021 Top Rated Lawyer. Defends Financial Benefits of IAA Deal. This deal received tremendous fanfare as the single-largest ever purchase for electric cars for 100,000 vehicles as well as a partnership with Uber (UBER) to provide 50,000 of those vehicles to its delivery drivers. The decision is yours to make. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff. A buy under $10 would be an excellent entry point, in my opinion. The stock did rise the day after the shareholder vote announcement, but since then, its drifting lower. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Establishing itself in the European market, it could see tremendous growth as it enters the U.S. market. Second, it currently trades at an attractive valuation relative to its prospects. As background, Polestar is jointly owned by Volvo and its parent company Chinese OEM Geely (GELYY). Not bad, given that, if it grows as expected, itll generate $17.6 billion in annual sales by 2025. EV maker Polestar strikes $20-bln deal with Gores Guggenheim SPAC We use cookies to optimize our website and our service. It was established to help Volvo win the Swedish Touring Car Championship. Publications where hes appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Ventoux CCM Acquisition Corp. . (C) 2021 Monteverde & Associates PC. did not have (either directly or indirectly) any positions in the securities mentioned in this article. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. GGPI shares have been trading in a steady ~$11 range prior to days announcement (shares are up 8% intraday). Assuming a post-merger tally of approximately 2.15 billion shares, a stock price of $20 on GGPI equates to a $43 billion market cap. The deal comes at a time when large SPAC mergers have become rare, as the business of blank-check dealmaking deteriorated rapidly over the summer after investors were spooked by the poor financial performance of many SPACs and a regulatory crackdown led by the U.S. Securities and Exchange Commission over their disclosures. The company raised $550 million in external funding in April and announced plans in June to build Polestar 3 electric sport utility vehicles at Volvo's U.S. plant in South Carolina beginning next year. LOS ANGELES & GOTHENBURG, Sweden, June 21, 2022 -- ( BUSINESS WIRE )--Gores Guggenheim, Inc. ("Gores Guggenheim" or the "Company") (NASDAQ: GGPI, GGPIU and GGPIW), a special purpose acquisition. Lucid Motors strikes SPAC deal to go public with $24 - TechCrunch Investors also like the fact a global automotive giant backs Polestar. $GGPI $PSNY @Polestar introduces Tech and Design updates on Polestar 2 The battery is improved increased cell chemistry that provides a higher capacity -This leads to increased range,faster charging, and higher motor output in addition to the design element changes listed in the article As you might be aware, post-merger, Polestars existing shareholders will own, . Im a big believer in Alec Gores, the chairman behind this SPAC. Also, dont base a decision to buy or not just on a surface level view of the company. proporcionarte nuestros sitios y aplicaciones; autenticar usuarios, aplicar medidas de seguridad y evitar el spam y los abusos, y. medir el uso que haces de nuestros sitios y aplicaciones. ggpi-10q_20210630.htm The volatility amongst EV manufacturers has been significant in the second half of 2021. Visit a quote page and your recently viewed tickers will be displayed here. He particularly enjoys creating model portfolios that stand the test of time. An alternative to Tesla. However, for now, it seems to have its feet on the ground, providing investors with very reasonable growth projections. It was a slower month to kick off the year for SPACs. What Is the Best EV Stock to Buy Now? The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Don't take it as financial . 7 Tech Stocks Worth Snatching Up After Their Tumble. We can put the money raised into developing the technology and the market," Thomas Ingenlath, Polestar's chief executive, said in an interview. Got a confidential news tip? At the end of November, I argued that GGPI stock was a better buy for aggressive investors than Rivian (NASDAQ:RIVN) in the long term. Even if its an SUV such as the Polestar 3, it will have a sleek silhouette, meaning there will be less emphasis on cargo space and more emphasis on propulsion. Inc. ("GGPI" or the "Company") (GGPI) a special purpose acquisition company, relating to the proposed merger with Polestar Automotive Holding Limited. GGPI hasn't announced a definitive merger date with Polestar but the two companies expect to complete the business combination in the first half of 2022. Swedish electric-car maker Polestar said on Monday it will go public by merging with a U.S.-listed blank-check firm backed by billionaire Alec Gores and investment bank Guggenheim Partners at an enterprise value of $20 billion. once the merger is completed is an excellent long-term buy, primarily because it already has sold 29,000 vehicles (2021), it expects to produce 65,000 in 2022 and 290,000 annually by 2025. Objective, data-driven assessments for every public company director and officer. NEW YORK, Nov. 29, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner of the firm Monteverde & Associates PC ("M&A Firm"), a national securities firm ratedTop 50in the 2018-2020 ISS Securities Class Action Services Report and headquartered at theEmpire State Buildingin New York City, is investigatingGores Guggenheim. The post Gores Guggenheim Is a Buy, But Consider an Alternative in the Short Term appeared first on InvestorPlace. Nordstroms off-price Rack stores are struggling. Boardroom Alpha does not accept any liability for any direct,indirector consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed. Even as the Polestar deal, which shareholders will vote to approve later this month, is on the verge of closing. For Hertz, the partnership builds on the companys ongoing commitment to lead in electrification and shared mobility. Polestar itself is a joint venture between Volvo (OTCMKTS:VLVLY) and Geely (OTCMKTS:GELYY). It predicts it will rake in $1.6 billion in revenue this year and double that number next year. Gores Guggenheim Stock News and Forecast: GGPI stock sets - FXStreet

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