LUCIDM
Lucid Motors-Churchill SPAC deal could be announced soon at $15B valuation
- Lucid Motors (LUCIDM) is close to striking a deal to go public through
a merger with blank-check company Churchill Capital IV (NYSE:CCIV),
sources tell Bloomberg.
- The new report builds on a Reuters article from February 16, but with
a valuation level cited at up to $15B vs. the $12B cited just a few days
ago.
- The special purpose acquisition company has reportedly been in talks
to raise between $1B and $1.5B in funding from institutional investors to
support the SPAC transaction.
- A deal for the electric vehicle maker could be announced as early as
Tuesday.
- Read more on the EV theme: Massive electric vehicle disruption to test
investors.
|Yesterday, 5:26 PM|109 Comments
Lucid Motors-Churchill SPAC deal could be announced soon at $15B valuation
- Lucid Motors (LUCIDM) is close to striking a deal to go public through
a merger with blank-check company Churchill Capital IV (NYSE:CCIV),
sources tell Bloomberg.
- The new report builds on a Reuters article from February 16, but with
a valuation level cited at up to $15B vs. the $12B cited just a few days
ago.
- The special purpose acquisition company has reportedly been in talks
to raise between $1B and $1.5B in funding from institutional investors to
support the SPAC transaction.
- A deal for the electric vehicle maker could be announced as early as
Tuesday.
- Read more on the EV theme: Massive electric vehicle disruption to test
investors.
|Yesterday, 5:26 PM|109 Comments
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