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News

Polestar Automotive And PSD Investment Finalize Shareholder Agreement And Registration Rights Deal For190,476,190 Class A ADSs

Author: Benzinga Newsdesk | July 23, 2025 11:23am

REGISTRATION RIGHTS AGREEMENT

 

This REGISTRATION RIGHTS AGREEMENT (this "Agreement") is made and entered into as of July 23, 2025, by and among Polestar Automotive Holding UK PLC, a public limited company organized under the laws of England and Wales (the "Company") and PSD Investment Limited (the "Purchaser"). The Purchaser and any person or entity who hereafter becomes a party to this Agreement pursuant to Section 5.2 of this Agreement are each referred to herein as a "Holder" and collectively as the "Holders."

 

WHEREAS, in connection with the Securities Purchase Agreement, dated as of June 16, 2025 (the "Purchase Agreement"), by and among the Company and the Purchaser, the Company sold, upon the terms and conditions stated in the Purchase Agreement, an aggregate of 190,476,190 class A American depositary shares ("Class A ADSs") of the Company in restricted form, each Class A ADS representing one class A ordinary share of $0.01 each in the capital of the Company (each, a "Class A Ordinary Share"), as more fully described in the Purchase Agreement (the "Transaction"); and

 

WHEREAS, to cause the Purchaser to enter into the Purchase Agreement, the Company has agreed to provide certain registration rights under the U.S. Securities Act of 1933, as amended (collectively, the "Securities Act") and applicable state securities laws.

 

NOW, THEREFORE, in consideration of the foregoing, and the mutual promises herein made, and in consideration of the representations, warranties and covenants herein contained, the receipt and sufficiency of which the parties hereto hereby acknowledge, the parties hereto hereby agree as follows:

Posted In: PSNY

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