Polestar Automotive Holding UK PLC - Amendment to Schedule 13D

This filing is an amendment to a previous Schedule 13D, detailing significant transactions and agreements related to Polestar Automotive Holding UK PLC. Key events include the Issuer entering into securities purchase agreements for a private investment in public equity (PIPE) with Banco Bilbao Vizcaya Argentaria, S.A. and NATIXIS. Concurrently, these purchasers entered into put option arrangements with Geely Sweden Automotive Investment AB (GSAI), guaranteed by Geely Sweden Holdings AB. These put options allow the purchasers to sell Class A ADSs back to GSAI under certain conditions. Additionally, GSAI has agreed to convert approximately USD 300,000,000 of its outstanding debt owed by the Issuer into equity, pending regulatory approval. The filing also provides updated information on beneficial ownership and details the terms of the put options and guarantee agreements, including provisions for early exercise and settlement under various conditions such as defaults or changes in control.