Polestar Automotive Revises Financial Statements

TL;DR

Polestar is restating financials - investors beware.

AI Summary

Polestar Automotive Holding UK PLC filed a Form 6-K on January 16, 2025, indicating a non-reliance on previously issued financial statements as of January 14, 2025. The company is based in Göteborg, Sweden, and its principal executive office is located at Assar Gabrielssons Väg 9.

Why It Matters

This filing signals potential accounting issues or restatements, which could impact investor confidence and the company's reported financial health.

Risk Assessment

Risk Level: medium — A non-reliance statement on financial statements often indicates underlying accounting issues that require correction, potentially affecting reported performance and future outlook.

Key Players & Entities

• Polestar Automotive Holding UK PLC (company) — Registrant
• January 14, 2025 (date) — Date of non-reliance statement
• January 16, 2025 (date) — Filing date
• Assar Gabrielssons Väg 9 (location) — Principal executive office address
• Göteborg, Sweden (location) — Company location

FAQ

Filing Documents

• d914310d6k.htm (6-K) — 21KB
• 0001193125-25-007380.txt ( ) — 22KB

Forward-Looking Statements

Forward-Looking Statements Certain statements in this Form 6-K may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operating performance of Polestar including the number of vehicle deliveries and gross margin. For example, projections of revenue, volumes, margins, cash flow break-even and other financial or operating metrics and statements regarding expectations of future needs for funding and plans related thereto are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as may, should, expect, intend, will, estimate, anticipate, believe, predict, potential, forecast, plan, seek, future, propose or continue, or the negatives of these terms or variations of them or similar terminology. Such forward-looking These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Polestar and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) Polestars ability to enter into or maintain agreements or partnerships with its strategic partners, including Volvo Cars, Geely and Xingji Mezu Group, original equipment manufacturers, vendors and technology providers; (2) Polestars ability to maintain relationships with its existing suppliers, source new suppliers for its critical components and enter into longer term supply contracts and complete building out its supply chain; (3) Polestars ability to raise additional funding; (4) Polestars ability to successfully execute cost-cutting activities and strategic efficiency init

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. POLESTAR AUTOMOTIVE HOLDING UK PLC Date: January 16, 2025 By: /s/ Michael Lohscheller Name: Michael Lohscheller Title: Chief Executive Officer Date: January 16, 2025 By: /s/ Jean-François Mady Name: Jean-François Mady Title: Chief Financial Officer

View Full Filing

View this 6-K filing on SEC EDGAR