BUZZ-Polestar falls after securing loan facility, delaying Q4 results

Reuters

02-28

BUZZ-Polestar falls after securing loan facility, delaying Q4 results

** U.S.-listed shares of electric vehicle maker Polestar PSNY.O fall 3.6% to $1.07 before the bell

** PSNY secures 12-month loan facility of up to $450 mln

** Delays filing of Q4 results to April along with annual filing for FY 2024

** Co did not specify what the funds will be used for

** Co's total current liabilities as of Dec. 31 is ~$3.52 bln — annual filing

** Up to Thursday's close, stock had risen 5.7% YTD after falling ~52.5% in 2024

(Reporting by Rishi Kant in Bengaluru)

((Rishi.Kant@thomsonreuters.com))

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