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Polestar Shares Surge on Geely-BBVA Financing Revelations

Polestar Shares Surge on Geely-BBVA Financing Revelations

Author:

Global Cryptocurrency

Published:

2026-01-01 13:37:02

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BTCCSquare news:

Polestar Automotive Holding UK PLC (PSNY) shares rallied nearly 10% in thin year-end trading after SEC filings clarified its $600 million Geely-linked loan facility and BBVA's 8.4% equity stake with a three-year put option. The stock closed at $21.37 amid muted volumes of 336,600 shares, as investors await Q4 sales data to assess 2026 demand trajectory.

The Geely financing package provides near-term liquidity but introduces potential dilution risks, while BBVA's strategic position signals institutional confidence. Market reaction was amplified by holiday-thinned trading conditions, with U.S. markets closed for New Year's Day.

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