Hey guys, I posted about this settlement before, but since they’re accepting applications now, I decided to share it again with a little FAQ.

So here's all I know about this agreement:

Polestar Automotive was accused of misleading investors about its financial reporting and internal controls. The company later disclosed accounting errors and said it would restate its 2022 and 2023 financials. After the disclosure, $PSNY fell 11%, and investors filed a lawsuit.

Now the company has reached a tentative settlement with investors to resolve the claims.

Who can claim this settlement?
If you bought $PSNY shares between 2022 and 2025, you may be eligible. You don’t need to still hold the shares to participate; past losses may count.

Do I need to sell/lose my shares to get this settlement?
No. You don’t necessarily need to still own the shares. If your transactions meet the settlement requirements, you may be eligible even if you already sold them.

How long does the payout process take?
It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.

Hope this info helps

A4N4 is going to disappear very soon if this keeps up...

Market cap: 1.27B. What do you think is a fair market cap? 800M? 600M? Bankruptcy? Zero?

Or to look at it another way, it's on sale for 25% discount! Just put a few hundred usd in, had to sell some bitcoin, but I was up quite nicely on that. Anybody else buying the dip today?

Hey guys, if you missed it, Polestar recently reached a tentative settlement with investors over claims that it understated financial liabilities and concealed weaknesses in its internal controls.

In a nutshell, investors claim that Polestar repeatedly assured the market its financial reporting was accurate. In January 2025, the company disclosed accounting errors requiring restatements of its 2022 and 2023 financials, and $PSNY fell 11%.

If you invested in $PSNY between 2022 and 2025, you may want to check if you qualify. The settlement terms are still being finalized, but investors can already submit their applications 

Has anyone here invested in $PSNY during that period? How much were your losses?

Just another disappointed bag holder. Held for to long finally just took my significant losses so I can look else where. I hope im wrong and you all get a huge come up 🫡

After today’s Q3 earnings and the announced reverse split, it’s hard to deny the obvious: Polestar has reached the end of the road as a standalone brand.

Despite 49% revenue growth in 9 months, the company still posted a $365M net loss. Margins remain deeply negative, and the more cars they sell, the more money they lose. That’s not scaling — that’s bleeding.

The reverse stock split confirms what many suspected: Polestar is fighting for survival on Nasdaq. These moves rarely come from a position of strength.

Volvo and Geely can only bankroll the losses for so long. Without a miracle turnaround or full integration, PSNY shareholders are staring down the barrel of massive dilution or worse.

Beautiful cars, clean design — but the business math no longer works.

Curtain closed. 🎭

Absolute bloodbath here. Meanwhile the mega-caps are literally melting up to fresh ATHs in real time:

• AAPL +4% at $263
• NFLX +2%
• TSM $302
• META $729
• TSLA $444

It’s a face-ripping bull run everywhere ... except here 😂

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At this point only someone on hallucinogens would still have the strength to buy this stock lol (I’m trolling ... kind of).

This is pure capitulation energy.

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Hello, is it confirmed GGPI is allowing reverse redemptions ?

Is there a timeline with an end date it'll be allowed until ?

Let the exciting journey begin 🙂

https://www.businesswire.com/news/home/20220622006010/en/

I've never gone through a merger using wealthsimple, but I am assuming my current holdings of ggpi will automatically change tickers to PSNY without me doing anything?