** 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))
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