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Why Gores Guggenheim's Shares Popped 15.4% Today

Travis Hoium, The Motley Fool
·1-min read
Why Gores Guggenheim's Shares Popped 15.4% Today

Shares of Gores Guggenheim (NASDAQ: GGPI), a special-purpose acquisition company (SPAC) that is planning to merge with electric-car company Polestar, jumped as much as 28.1% in trading on Monday after filing a Form F-4 with the Securities and Exchange Commission (SEC). Polestar says it has 35 permanent locations with plans to expand to over 150 locations by the end of 2023. Given Polestar's potentially rapid ramp up to becoming a major EV supplier, this could be a great way to play the industry.

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