$CCIV: This NEWS just came out. 01/14/2021
This SPAC Could Be The Next Tesla
Speculation has run rampant all week that Lucid Motors is in talks to merge with Churchill Capital Corp. IV.
Evan Niu, CFA
Churchill Capital IV (NYSE:CCIV.U) (NYSE: CCIV) started off the week like most special-purpose acquisition companies (SPACs) that have yet to announce a target company to merge with: Trading around $10 per share. As a reminder, SPACs are just piles of money sitting in a trust account and the vast majority of them are priced so that the net asset value (NAV) of each share is $10. But then Bloomberg dropped a bombshell: Churchill Capital IV is in talks to merge with Lucid Motors, which many investors have called the