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Gores Holdings V, Inc. (GNPG) is a special purpose acquisition company (SPAC) that completed its initial public offering (IPO) in February 2017. The company is led by the Gores Group, a leading investment firm focused on acquiring and operating businesses in the consumer, industrial, and technology sectors. Gores Holdings V is listed on the Nasdaq stock exchange.
As a SPAC, Gores Holdings V does not have any existing operations or revenue. Instead, it was formed for the purpose of acquiring or merging with an existing company, which will then become a publicly traded entity.
On November 30, 2021, Gores Holdings V announced that it had entered into a definitive agreement to merge with Polestar Performance AB, a leading electric vehicle (EV) manufacturer based in Sweden. The transaction is expected to close in the first half of 2022, and upon closing, the combined company will operate as Polestar Automotive Holding UK Limited and will be listed on the Nasdaq stock exchange under the new ticker symbol "PSNY."
Therefore, it is not possible to provide earnings or growth information for Gores Holdings V at this time, as the company does not have any operations or revenue of its own. However, once the merger with Polestar is complete, the combined company will release financial information and provide updates on its operations and performance.
It is worth noting that Polestar has reported strong growth in recent years, with deliveries of its electric vehicles increasing from 1,546 units in 2019 to 10,412 units in 2020. The company has also announced plans to expand its product lineup and increase production capacity to meet growing demand for EVs. As a result, the combined company is expected to have significant growth potential following the completion of the merger.