The latest news comes from the Los Angeles Times , which reported this morning that a deal is on the way. Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein that … Electric car maker Lucid Motors to go public with $11.75bn deal. Lucid Motors – Churchill Capital Corporation IV. Private Company: Lucid Motors Lucid Motors SPAC merger hopes have investors on edge this week. Florian Hainzl: Churchill Capital IV (Lucid Motors) Im zweiten Quartal 2021 soll der Churchill Capital IV (WKN: A2QAMY) mit Lucid Motors verschmolzen werden. The electric car startup Lucid Motors is in talks to go public through a merger with a special-purpose acquisition company and is eyeing a valuation of up to $15 billion from a merger, Bloomberg reports. Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp (CCIV.N) in a deal that valued the … “Lucid is going public to accelerate into the next phase of our growth as we work towards the launch of our new pure-electric luxury sedan, Lucid Air, in 2021 followed by our Gravity performance luxury SUV in 2023.” Peter Rawlinson, CEO and CTO of Lucid, said in the official merger announcement, PRNewswire Why the rumoured Lucid Motors merger is a big deal. Show #1001 . Reuters broke the news that a merger between Lucid Motors and CCIV is “getting close” — citing “people familiar with the matter.” MORE FOR YOU. Lucid Motors is going to become a publicly-traded company on the New York Stock Exchange in a deal that will leave the electric vehicle startup with $4.4 billion in cash. The Ascent ... , which is merging with Lucid Motors, is a screaming buy at $20. Lucid Motors to go public after merger agreement with Churchill Capital; Watch Rivian test its R1T electric pickup ahead of deliveries ‘Born’ confirmed as the name for CUPRA’s first all-electric model ; VW ups EV targets and may end Artemis; British Gas orders 2,000 electric vans; Germany: VW’s WeShare Launches Electric Car Sharing In Hamburg . Lucid Motors and special purpose acquisition company (SPAC) Churchill Capital have announced that they have come to terms with a definitive merger agreement. https://electrek.co/2021/02/16/lucid-motors-new-factory-arizona In today's video I talk about Churchill Capital (CCIV) and Lucid Motors. Considering this, it's important to note how much of a catalyst the infrastructure plan could be to the electric vehicle space. Churchill Capital Corp. IV is a special purpose acquisition company that is merging with Lucid Motors. Lucid Motors is a popular electric car startup whose first vehicle, the Lucid Air (pictured above), is aimed at being a major challenger to Tesla. Lucid will officially go public after rumors have circulated recently , and the two companies will combine at a transition equity value of $11.75 billion, the companies announced in a statement earlier today. The firm is benefitting from a wave of investments in EV startups, spurred by a rise in Tesla shares in the past year. Image source: Lucid Motors. Closer to the PIPE. While CCIV and Lucid Motors haven’t yet announced the merger date, the two companies expect it to complete in the second half of 2021. The merger is subject to shareholder approvals. New Ventures . Lucid Motors and special purpose acquisition company (SPAC) Churchill Capital have announced that they have come to terms with a definitive merger agreement.
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