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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Nope more coming tomorrow retailers in RH will be out in the morning due to RH closing off trading at 3 pm pst. This will be down to 38 before the bell mark this post and then this will slide down to 30
$CCIV: Read Mofos...And if you don’t understand what you just read. Then I can’t help you.
Lucid Motors to Go Public in Merger with Churchill Capital Corp IV, Bolstering Lucid's Vision to Redefine Luxury, Performance and Efficiency in the Sustainable Electric Vehicle Market
Lucid's mission is to inspire the adoption of sustainable transportation by creating the most captivating luxury electric vehicles centered around the human experience
Transaction provides additional growth capital as Lucid brings the over 500-mile range Lucid Air luxury electric sedan to market and expands rapidly to offer a broad range of electric vehicle products powered by Lucid's proprietary electric powertrain technology
CCIV and Lucid are combining at a transaction equity value of $11.75 billion
The transaction includes an approximately $2.1 billion cash contribution by CCIV and a $2.5 billion, fully committed PIPE with an investor lock-up provision that binds holders well beyond closing. The PIPE is priced at $15.00 per share (a 50% premium to CCIV's net asset value) with an implied pro forma equity value of $24 billion
Good support at 41.50. It Should hold in this range for awhile and doubt it breaks that 200 day support. Hold on long term and don’t listen to all these hacks. Think about CDA if hits the 41 range. Long @ $10.
$CCIV: it’s only idiots that sells because they don’t understand how these SPAC deals work. The hedge funds are going to eat up these shares in the morning. That’s why the little guys never win. Spend some time learning what you are buying and you will not panic sell.