![]() ![]() Shares of Churchill Capital were down around 25 at 10:45 A.M Eastern time. “I think it’s really important that we start at a high-end position as a true luxury brand. Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger deal to take the California-based EV company public. 26, 2021 (GLOBE NEWSWIRE) - The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in. The electric vehicle maker is backed by Saudi Arabia’s sovereign wealth fund, so it is not a surprise they are targeting the wealthier people. Deadline in 4 Days: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Class Action Lawsuit Against Churchill Capital Corp IV (CCIV) Globe NewsWire - Thu Aug 26, 2021. The company aims to meet production goals for of its most expensive vehicle, the Air Dream Edition this year. Lucid Motors has built a factory in Arizona with a capacity of 34,000 cars per year. The transaction, announced on Monday evening, values Lucid at. ET, though coming off their session lows. Shares of Churchill Capital were down around 25 at 10:45 a.m. Former Tesla executive Bernard Tse co-founded Lucid in 2007. Lucid Motors and blank check company Churchill Capital IV ( CCIV) confirmed a merger deal to take the California-based EV company public. Investors had been waiting for a possible Lucid Motors/CCIV deal given that Lucid competes with the EV giant Tesla, whose stock has risen some 600% over the past 11 months. Tesla announces it is moving closer towards production of its Tesla Semis. “CCIV believes that Lucid’s superior and proven technology, backed by clear demand for a sustainable EV, make Lucid a highly attractive investment for Churchill Capital Corp IV shareholders, many of whom have an increased focus on sustainability,” CCIV Chairman and CEO Michael Klein said in announcing the deal. CCIV is reminding its shareholders to vote yes for the merger with Lucid Motors. The transaction values Lucid at an initial pro-forma equity value of approximately $24 billion at the PIPE offer price of $15.00 per share and will provide Lucid with approximately $4.4 billion in cash, according to markets reporter, Ines Ferré. Holder Issuer Net Short Position Position Date Origin Tidal ETF Trust- Leatherback Long/Short Alternative Yield ETF: LCID-1399.0 shares, -40543. 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. Get more info on our International short position coverage here. Shares of Churchill Capital jumped as much as 28% after the news was announced on Monday evening, February 22. LUCID GROUP INC LCID: 12:45:03 UTC-12.8309: 14.4009: 200000: Current Active Short Positions. However, the question remains whether CCIV stock remains. Capital IV and Lucid Motors Churchill confirmed a merger deal to take the California-based EV company public. Indeed, Lucid’s product quality, design, and feel are among the key reasons investors and consumers are gravitating toward this play today. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |