Polestar goes public on the Nasdaq as PSNY

Polestar on Friday began trading on the Nasdaq in New York under the ticker PSNY. The Volvo spinoff EV brand announced plans in September 2021 to go public via a special purpose acquisition company (SPAC) deal. Also known as reverse mergers, these deals allow a private company to go public by being taken over by a SPAC, a company that’s already…