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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$CCIV InvestorPlace analyst Luke Lango sees Lucid Motors as the next 10x opportunity. He wrote that CCIV stock is worth $70 today… and that by 2040, Lucid could be worth $600 billion.
$CCIV I’m not invested in this but the chat in here makes me feel better about my own losses which are bad. I lost a lot of money, I didn’t lose a fuck load tho down 30% would make me both shit and piss myself at the exact same time wherever I was when I saw this. lol.
They hosed us with the bullshit evaluation 12B to 15B they spun in the news. This 24B valuation was the game plan all along. The share price, based on the merger deal, is around $38. 64B company.
$CCIV: I don’t know why some people thinks this deal is so bad. This deal is no different from how most company get funded. Large investors often are offer a discounted rate for taking the initial risk of investing in companies. In fact, this deal is actually better for the retail investors than what normally happen with an ipo. The PIPE was able to buy the stock at$15 per share. However there were retail investers that paid only $10 a share. That would never happen with an ipo. Therefore this is no different from investing in any other stock. The price you pay is whatever the stock price at the time you purchase. ️
$CCIV: This deal is no different to how most company go public via IPO. In fact, it’s actually better for the retail investors than what normally happen with an ipo. The PIPE was able to buy the stock at$15 per share. However there were retail investers that purchase the stock at $10 a share. That would never happen with an ipo. If you paid $30-$40 or even $50 plus for this stock, a few months from now you wouldn’t even think about it when the stock is trading at $80-$100.