** U.S.-listed shares of Swedish EV-maker Polestar PSNY.O fall ~9% to $1.11 premarket

** Polestar CEO said it will take longer for co to be profitable

** PSNY is working on securing an additional 12-month loan facility of over $400 mln, and will be available later this month

** Says ~25% of proceeds from the facilities are expected to be used to repay other loans

** Says remaining proceeds will be available to support its working capital needs going forward

** PSNY is also exploring the possibility of conducting a change of the ratio of its ADS to its ordinary shares, which is currently 1:1

** Polestar expects positive free cash flow after investments in 2027

** PSNY has lost ~37% of its value in 2024

(Reporting by Rishi Kant in Bengaluru)

((Rishi.Kant@thomsonreuters.com))