BUZZ-Polestar falls after securing loan facility, delaying Q4 results
ReutersFeb 28, 2025 12:44 PM
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
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