Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger deal to take the California-based EV company public. Shares of Churchill Capital were down around 25% at 10:45 a.m.
For months, the speculation surrounding Churchill’s merger target had been fueling its price. Moreover, when CCIV announced that its target was the up-and-coming Lucid Motors, the stock skyrocketed to ...
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