Attention Polestar Investors: Rosen Law Firm Urges Inquiry Into Potential Securities Class Action La

Attention Polestar Investors: Rosen Law Firm Urges Inquiry Into Potential Securities Class Action La

Polestar Investors: Rosen Law Firm Announces Inquiry Into Securities Class Action Lawsuit

Investors who have purchased or otherwise acquired securities of Polestar Automotive Holding UK PLC ("Polestar" or the "Company") (NASDAQ: PSNY) are urged to contact Rosen Law Firm, P.A. regarding the investigation of potential securities violations.

Investigation Results

The investigation concerns whether Polestar and certain of its officers and/or directors violated federal securities laws in connection with the Company's initial public offering ("IPO") on or around June 24, 2022. According to the lawsuit, the Registration Statement filed in connection with the IPO contained materially false and/or misleading statements that falsely portrayed Polestar's business prospects and financial condition.

Specifically, the lawsuit alleges that the Registration Statement failed to disclose that:

1. Polestar overstated its production capacity;
2. Polestar's quality control issues were more severe than represented;
3. Polestar's SPAC merger would result in substantial dilution to existing equity holders;
4. Demand for Polestar's vehicles was declining;
5. Polestar faced an imminent liquidity crisis;
6. Polestar was experiencing supply chain disruptions that would delay vehicle production;
7. Polestar's relationship with Volvo was deteriorating;
8. Polestar's management team was inexperienced and unqualified.

As a result of the foregoing, the Company's stock price has plummeted, causing investors significant losses.

Take Action

If you purchased or otherwise acquired securities of Polestar and suffered losses, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. The law firm is preparing a securities class action complaint to be filed on behalf of all class members.

The lead plaintiff deadline is March 6, 2023. Rosen Law Firm encourages investors to secure counsel before the lead plaintiff deadline.

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