and NEW YORK , July 23, 2021 /PRNewswire/ — Churchill Capital Corp IV (« Churchill IV » or « CCIV ») (NYSE: CCIV), a publicly traded special purpose acquisition company, and Lucid Motors today announced the completion of their business combination, taking public a company that is setting new standards with its advanced …
Similarly, 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.
What happens to my CCIV stock after 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.
Thereof, 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.
What happened to CCIV and Lucid?
and NEW YORK, July 23, 2021 /PRNewswire/ — Churchill Capital Corp IV (« Churchill IV » or « CCIV ») (NYSE: CCIV), a publicly traded special purpose acquisition company, and Lucid Motors today announced the completion of their business combination, taking public a company that is setting new standards with its advanced …
When did CCIV announce merger?
NEW YORK, July 23, 2021 /PRNewswire/ — Churchill Capital Corp IV (« Churchill IV » or « CCIV ») (NYSE: CCIV), a publicly traded special purpose acquisition company, announced that in a special meeting held today, its stockholders voted to approve the proposals required to complete its combination with Lucid Motors (« Lucid …
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.
What is CCIV trading at?
Key Turning Points
| 52-Week High | 64.86 |
|---|---|
| Fibonacci 50% | 37.23 |
| Fibonacci 38.2% | 30.71 |
| Last Price | 24.25 |
| 52-Week Low | 9.60 |
What happens to SPAC shares after IPO?
Following the IPO, proceeds are placed into a trust account and the SPAC typically has 18-24 months to identify and complete a merger with a target company, sometimes referred to as de-SPACing.
Did CCIV change to 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.
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 is the stock symbol for CCIV?
CCIV Related stocks
| Symbol | 3M % Chg |
|---|---|
| CCIV | +18.00% |
| Churchill Capital IV [Lucid Motors] | |
| TSLA | -0.89% |
| Tesla Inc |
Why did Churchill’s stock drop?
Churchill Capital shares plunged in February when the SPAC announced its merger with Lucid Motors, as it became clear that investors had bid CCIV shares to unreasonable levels, up more than 400% from a starting point of $10.
Which SPAC merged with Lucid?
Shareholders approved Friday EV startup Lucid Motors’ merger with special purpose acquisition company Churchill Capital IV, after the companies extended the deadline by one day because not enough retail investors showed up to cast their vote.
Should I buy CCIV stock before the merger?
The company has a strong and experienced team that could turn the projections and goals into a reality but I would recommend investors to wait for the merger to complete before investing in CCIV stock.
Is CCIV a good stock to buy?
I personally would rate CCIV a hold for most, and a potential buy for those with some appetite for risk who are looking for an investment with a strong return outlook in a bullish scenario.
Will CCIV turn into 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.
Is CCIV and LCID same?
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.
How do I vote for CCIV merger?
You can vote instantly by contacting MacKenzie Partners, Churchill IV’s proxy solicitor, for help, toll-free at (800) 322-2885. LinkedIn: Today, we remind all eligible $CCIV stockholders to vote for the proposed merger with #LucidMotors.
What did LCID merge with?
Shareholders approved the long-awaited merger between Churchill Capital and Lucid (NASDAQ:LCID) on Friday.
Join TheMoney.co community and don’t forget to share this post !