Churchill Capital Corp IV.
Lucid Motors Debuts on Nasdaq Through Merger with Churchill Capital Corp IV.
Is CCIV merging with Lucid Motors?
After a long wait, CCIV (Churchill Capital IV) finally completed its merger. On July 23, shareholders finally approved the merger and Lucid Motors started trading on its own starting July 26.CCIV stock was trading at a premium compared to other SPACs before identifying a merger target.
Who will lucid merge with?
Churchill Capital IV
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.
Which SPAC is Lucid Motors merging with?
Churchill Capital Corp IV
Lucid in February agreed to a merger with Churchill Capital Corp IV, and the deal was finally approved last week.
What happened to Lcidw?
In addition, on October 8, 2021, the Company announced that its warrants trading under the symbol “LCIDW” were intended to be delisted on October 28, 2021.As a result, the Company’s Public Warrants will cease trading on Nasdaq on October 13, 2021.
What is 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
Does Churchill Capital own Lucid Motors?
Churchill Capital Shareholders Approve Lucid Motors SPAC Acquisition.Upon completion of the business combination, Churchill Capital said it will delist from the New York Stock Exchange and the new company will be renamed Lucid Group and trade under the ticker symbol “LCID.”
Where can I buy Lcdx stock?
Shares of LCDX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Will Churchill Capital stock become Lucid?
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.
Will lucid Motors be the next Tesla?
As it stands now, it seems doubtful that Lucid will become the next Tesla. However, Lucid stock could still be worth buying for growth investors willing to pay a premium for a company that has so far shown an ability to hit deadlines and develop impressive technology.
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.
What happens to Churchill 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.
What is lucid air stock?
Open $38.00. 52 Week Range 9.90 – 64.86.
How does a cashless warrant exercise work?
A cashless exercise feature allows the investor to receive, upon exercise of the warrant, 750 shares of stock without paying any cash. The other 250 shares (valued at $40/share) are withheld by the issuer in payment of the $10,000 aggregate exercise price.
When should you exercise stock warrants?
A warrant holder may choose to exercise the warrant if the current stock price is above the strike price of the warrant. Alternatively, the warrant holder could sell their warrants, as warrants can be traded similar to options.
Is Lucid 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. says.
How do I buy Lucid 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.
How much of Lucid does Churchill own?
After everything is said and done, the deal implies a pro forma equity value of $24 billion for Lucid. That’s meaningfully higher than the $15 billion that investors were expecting. Churchill Capital IV shareholders will end up owning approximately 16% of the combined company, according to the investor presentation.
Lucid Motors went public in 2021 through a reverse takeover, facilitated by the special purpose acquisition company (SPAC) Churchill Capital IV.That’s because any Churchill Capital IV shares will be automatically converted into Lucid Motors shares, which will be able to be bought and sold in the underlying market.
Does 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.
Is Lucid stock overpriced?
Its last traded price was $1,172, a run-up of over 800%. For 23 months, analysts and market experts have kept reiterating that the stock is overvalued, but Tesla shareholders haven’t listened to them.Lucid stock is also seeing the same wild swings in its stock price like Tesla.
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