INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Polestar Automotive Holding UK PLC (NASDAQ: PSNY); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel

Core Viewpoint - A class action lawsuit has been filed against Polestar Automotive Holding UK PLC, alleging violations of federal securities laws due to misleading statements about the company's financial health and internal controls during the specified class period [1][4]. Group 1: Lawsuit Details - The lawsuit represents all individuals and entities that purchased Polestar's Class A American Depository Shares between November 14, 2022, and January 16, 2025 [1][2]. - Investors have until March 31, 2025, to seek appointment as lead plaintiff in the class action lawsuit [2]. Group 2: Allegations Against Polestar - The lawsuit claims that Polestar's financial statements were materially misstated and that the company failed to disclose significant internal control weaknesses [4]. - On January 16, 2025, Polestar announced that its previously issued audited financial statements for the years ended December 31, 2022, and December 31, 2023, contained errors that required restatement [5]. - The restatement was primarily due to balance sheet errors related to unique tooling, leading to an underreporting of assets and accrued liabilities [5]. - Following the announcement, Polestar's Class A ADS price dropped by 11% on January 16, 2025 [5].