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.
Similarly, What happens to CCIV after merger?
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.
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 …
Thereof, Should I keep my CCIV stock?
I don’t think that CCIV stock is a sell – those that own it should have sold at $50 or $60 when the valuation was outrageously high. Selling now, when shares are down so much over the last couple of weeks, wouldn’t make sense, I believe.
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About LCID.
| Symbol | Last Price | % Chg |
|---|---|---|
| LCIDPost | 21.67 21.75 | -2.91% 0.37% |
17 mai 2021
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.
Why is lucid stock so low?
It’s worth noting that Lucid has so far stated supply concerns — and not company-specific problems — as the major reason it expects low production this year.
Is Churchill Capital Corp IV a SPAC?
The stock of special-purpose acquisition company (SPAC) Churchill Capital Corp. IV ( CCIV ) has had a wild 2021.
Will Churchill merge with Lucid?
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.
What is the new symbol for CCIV?
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.
Why is CCIV going up?
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. The goal is for the SPAC to take Lucid Motors public with a reverse merger.
How much of Lucid will CCIV own?
Factoring in for the 19.1% ownership interest in Lucid by CCIV shareholders, Lucid is coming to market at an implied valuation of $42 billion. At this price, Lucid would trade at the same market capitalization as Tesla in 2017.
What did CCIV IPO at?
Churchill Capital Corp. IV sold 207 million units on July 30, 2020, at the traditional $10 per share offering price. This includes the 15% over-allotment for underwriters. So, I’m interested in SPACs that IPO’d around the same time, give or take a week or two.
Is Lucid Motors better than Tesla?
Lucid Motors Beats Tesla in Range, Going 520 Miles on a Charge, EPA Says – The New York Times. Business|Lucid Motors beats Tesla in range, going 520 miles on a charge, the E.P.A.
What is wrong with Lucid stock?
Lucid Motors reported fourth-quarter and full-year results at the start of the week, which unfortunately caused the stock to drop 15% after earnings were announced. The stock of Lucid Motors fell sharply as a result of the electric-vehicle company lowering its production target for 2022.
What will Lucid stock be worth in 5 years?
The LCID (“LCID” ) future stock price will be 119.160 USD in 5 years. The long-term earning potential is +7.44% in one year. Retail traders have long been drawn to EV stocks, and several have gone public with a blank-check vehicle known as a SPAC – a move that attracts even more retail traders.
When should I sell my CCIV?
I don’t think that CCIV stock is a sell – those that own it should have sold at $50 or $60 when the valuation was outrageously high. Selling now, when shares are down so much over the last couple of weeks, wouldn’t make sense, I believe.
…
About LCID.
| Symbol | Last Price | % Chg |
|---|---|---|
| LCIDPre | 22.92 22.98 | -5.33% 0.26% |
17 mai 2021
What SPAC does Michael Klein own?
– AltC Acquisition, a SPAC by Michael Klein and OpenAI co-founder Sam Altman, now plans to raise $400 million for its SPAC. It previously sought to raise $1 billion.
What is Churchill SPAC?
Our special purpose acquisition companies (“SPACs”) have a track record of acquiring profitable, growing businesses of scale. We work with 22 high performing Fortune 500 executives to invest, execute value enhancement strategies, and operate Churchill’s businesses in the public market.
Who is Churchill Capital?
Churchill Capital IV is a blank-check company formed by Wall Street veteran Michael Klein, one of the most prominent figures in the SPAC game alongside Chamath Palihapitiya and Bill Foley.
Did CCIV buy Lucid Motors?
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 …
Is Churchill Capital buying Lucid Motors?
Accelerated spending. Through its merger with Churchill Capital IV, Lucid Motors will receive $4.4 billion in cash net expenses that it can use to scale its luxury electric vehicle (EV) and renewable energy business.
What happened Churchill stock?
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.
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