As a result of the merger, Churchill Capital and Lucid Motors will be renamed Lucid Group. In addition to this, shares of CCIV stock will switch over to the LCID stock ticker.
Similarly, Is CCIV going to merge with Lucid?
Lucid shareholders approve SPAC merger to enter Nasdaq
$CCIV $LCID prnewswire.com/news-releases/… Lucid CEO and CTO Peter Rawlinson, shared his thoughts on the approved merger: We are thrilled to complete our business combination with Churchill IV and become a public company.
When did CCIV go public? Lucid Motors will be going public through a SPAC merger with Michael Klein’s Churchill Capital Corp IV (NYSE: CCIV) on July 23.
Thereof, Will CCIV shares convert to LCID?
Shareholders approved the long-awaited merger between Churchill Capital and Lucid (NASDAQ:LCID) on Friday. This was the last roadblock to making the deal a reality. As such, as of Monday, CCIV stock has converted into LCID stock. The company is known as Lucid Group and trades on the Nasdaq.
Will CCIV become LCID?
CCIV is now officially LCID as the Lucid Motors transaction has closed and begins trading under its new ticker today. All 7 SPAC merger votes are at prices that make more big redemptions possible.
When did CCIV become LCID?
Should the merger be approved by investors (which it likely will be), CCIV will cease to trade, and shares will be converted to LCID, which will trade on the NYSE starting July 23.
Is CCIV a SPAC?
The California-based startup is merging with a special purpose acquisition company, or SPAC, called Churchill Capital IV that is already listed on the New York Stock Exchange.
Will CCIV stock become lucid stock?
Now that work is finally done as the two companies have completed the merger. As a result of the merger, Churchill Capital and Lucid Motors will be renamed Lucid Group. In addition to this, shares of CCIV stock will switch over to the LCID stock ticker.
Why is CCIV stock up?
Investors are watching Churchill Capital Corp IV (NYSE:CCIV) shares this morning after its SPAC merger target, Lucid Motors, provided an update on production prep for its initial electric vehicle entry. CCIV stock is up 8.63% over the past three weeks.
Why is CCIV stock going up today?
CCIV stock is getting a boost as investors salivate at the potential valuation of a special purpose acquisition company (SPAC) merger with electric vehicle (EV) maker Lucid Motors.
How many shares of LCID are outstanding?
Share Statistics
| Avg Vol (3 month) 3 | 33.11M |
|---|---|
| Shares Outstanding 5 | 1.65B |
| Implied Shares Outstanding 6 | N/A |
| Float 8 | 567.68M |
| % Held by Insiders 1 | 3.71% |
How do I invest in LCID?
Find the stock by name or ticker symbol – LCID – and research it before deciding if it’s a good investment for you. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price. Check in on your investment.
How do I buy LCID stock?
You can buy Lucid Motors stock now under the ticker ‘LCID’ on the Nasdaq exchange. As a result of the merger, Churchill Capital and Lucid Motors were renamed Lucid Group and shares of CCIV switched over to the LCID ticker.
Where is LCID located?
Lucid Motors (Nasdaq: LCID) is based in Newark, California, but it chose to build its manufacturing facility in Pinal County, about an hour south of Phoenix. An aerial view of Lucid Motors’ plant in Casa Grande.
What was the CCIV float?
Churchill Capital Corp IV currently has a public float of 206,870,000 shares.
When did CCIV become lucid?
Lucid Group trades under the « LCID » ticker symbol.
Lucid Group, the company formed after Lucid Motors’ July 23 merger with Churchill Capital Corp IV (CCIV), has become a publicly listed company.
Is LCID a SPAC?
$LCID SINCE 7/26/2021 MERGER
Lucid went public on July 26 upon merging with Churchill Capital IV, a special purpose acquisition company (SPAC). That day LCID closed at $26.83. Even prior to the listing, Lucid was closely watched and followed by retail traders.
Why did LCID stock drop?
Shares are falling in after-hours trading because production isn’t ramping up fast enough for investors. Lucid (ticker: LCID) stock rose 10% in Monday’s regular session. That was a good day for shares considering that the S&P 500 and Dow Jones Industrial Average fell about 0.2% and 0.5%, respectively.
When did CCIV merge with lucid?
Lucid Group, the company formed after Lucid Motors’ July 23 merger with Churchill Capital Corp IV (CCIV), has become a publicly listed company.
Will the CCIV ticker change?
Churchill Capital Corp IV (CCIV) will change its name, trading symbol, and CUSIP to Lucid Group, Inc. (LCID), CUSIP 549498103 effective July 26, 2021. As a result, option symbol CCIV will also change to LCID effective at the opening of business on July 26, 2021. Strike prices and all other option terms will not change.
How many Lucid shares does CCIV have?
Moreover, the PIPE investors, who are bringing in $2.5 billion in crucial liquidity, also need to be issued new shares, to the tune of 166.66 million. Assuming no redemptions, 1.595 billion Lucid Group common shares will have to be issued in total upon the close of the merger agreement.
Who is Churchill Capital merger with?
Lucid completed the previously announced merger with Churchill Capital Corp IV on July 23, 2021. The combined company will now operate as Lucid Group, Inc. Lucid will be ringing the opening bell at Nasdaq on July 26 to celebrate the company’s public listing.
Join TheMoney.co community and don’t forget to share this post !
