On June 23, 2022, Gores Guggenheim, Inc. (“GGI”) consummated the transactions contemplated by that certain Business Combination Agreement, dated September 27, 2021 (as amended by that certain amendment dated December 17, 2021 (“ BCA Amendment No. 1”), that certain amendment dated March 24, 2022 (“ BCA Amendment No. 2”) and that certain amendment dated April 21, 2022 (“ BCA Amendment No.

3”), the “ Business Combination Agreement”), GGI, Polestar Automotive Holding Limited, a Hong Kong incorporated company (“ Parent”), Polestar Automotive (Singapore) Pte. Ltd., Polestar Holding AB, Polestar Automotive Holding UK Limited and PAH UK Merger Sub Inc., including, among other things, the merger of Merger Sub with and into GGI, with GGI surviving the merger as a wholly owned subsidiary of ListCo (the “ Merger” and, together the other transactions contemplated by the Business Combination Agreement, the “ Business Combination”). Also, in connection with consummation of the Business Combination, the following officers of GGI resigned their respective positions: Mark R. Stone resigned as Chief Executive Officer.