As of July 23, 2021, Churchill Capital Corp IV was acquired by Lucid Motors USA, Inc., in a reverse merger transaction. Churchill Capital Corp IV does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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It doesn’t matter if this is confirmed today or not. My entry point is sweet, I’m buying more. I tried to sell this but can’t , so I keep buying. I either make money or I won’t. I can afford to take the risk. I won’t do this again, but I’m doing it, now.
I believe that this is a real deal. The underlying business (Lucid) has real assets and looks like they will be manufacturing a high quality product. As to anyone playing games from the inside, the SEC has already been looking at these deals with a microscope. And yes you have to do your homework before investing. I have substantial interests in the warrants , stock and options. I have a fairly long term view in the market and this one may pay off in multiples.
There is no direct tv merger. If announcement doesn’t happen on Monday, so what, it will happen this week. If you want to sell your shares because of no announcement please do. I will grab some on discount, thank you.
No wonder Tesla and Musk get a little nervous in the face of the upcoming Lucid Air launch. After all, the upcoming luxury electricity should have a range of up to 830 kilometers and thus outshine the majority of the Tesla fleet. It should also be no coincidence that Musk presented a Tesla with a range of 837 kilometers at the Battery Day, which was specially postponed because of the Lucid presentation. And: Musk had reduced the price of Model S, just shortly after the release of the price for the basic model Lucid Air Pure, so that the Tesla would be just cheaper.
According to the Handelsblatt, Lucid's IPO would then take place via a Mantelgesellschaft (Spac) founded by Churchill Capital specifically for the IPO of another company and launched on the stock exchange. The Spac collected more than two billion dollars during its own trip to the stock market. The share price of the company called Churchill Capital Corp IV almost doubled after the negotiations with Lucid became known. According to Bloomberg, Lucid could be valued at up to 15 billion dollars in an IPO. For comparison: Tesla is already worth over $800 billion after rapid price growth in recent months.