Polestar (PSNY) Lands $300M Equity Deal as Losses Grow and Stock Sinks 60% in 2025
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Polestar Automotive Holding UK Plc (PSNY) has secured $300 million in new equity financing from Banco Bilbao Vizcaya Argentaria SA and Natixis, with Geely Sweden Holdings AB converting $300 million of debt into stock. This move aims to manage liquidity amid high costs and weak demand. Despite a 6.32% stock rise to $12.79, PSNY shares have dropped nearly 60% in 2025, losing close to $8 billion since launch.
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