Every dollar amount and date on this page is quoted from the official settlement document.
Gores Guggenheim $25M Securities Class Action Settlement
Court case: May v. Gores Guggenheim Sponsor LLC
Gores Guggenheim, Inc. settled a shareholder class action over its 2022 merger with Polestar Automotive for $25 million in cash. The settlement covered holders of GGI Class A common stock during the announcement-to-closing period of the merger. The claim filing window closed June 17, 2026.
Official eligibility wordingRecord and beneficial holders of Gores Guggenheim, Inc. Class A Common Stock who held shares from September 27, 2021 through June 23, 2022. Checked against the official settlement source by SettleSignal on June 19, 2026.
Key facts
- Who may qualify The settlement covered record and beneficial holders of Gores Guggenheim, Inc. Class A Common Stock who held shares from September 27, 2021 through June 23, 2022, the date the merger closed.
- Estimated payout$25,000,000.00 in cash, distributed pro rata to authorized claimants; payments under $10 not distributed
- Claim deadlineJune 17, 2026 (closed)
- Objection deadlineApril 27, 2026 (passed)
- Proof requiredYes
- What you needThe claim deadline (June 17, 2026) has passed, and the fund is no longer accepting new claims.
- CourtCourt of Chancery of the State of Delaware
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2 official sources linked to this record.
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Claim deadline
June 17, 2026
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Eligibility summary Quoted in the official eligibility wording above ↑
Record and beneficial holders of Gores Guggenheim, Inc. ("GGI") Class A Common Stock who held shares "from September 27, 2021, the date of the announcement of the Merger, through and including June 23, 2022, the date of the Closing."
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Proof requirement
Yes
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Payment status
Claim period open
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Estimated payout
$25,000,000.00 in cash, distributed pro rata to authorized claimants; payments under $10 not distributed
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Court
Court of Chancery of the State of Delaware
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Official claim URL
ggistockholdersettlement.com
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Objection deadline
April 27, 2026
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Class period start
September 27, 2021
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Class period end
June 23, 2022
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Court case number
2023-0863-LWW
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Case name
May v. Gores Guggenheim Sponsor LLC
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