CCIV is now officially LCID as the Lucid Motors transaction has closed and begins trading under its new ticker today. All 7 SPAC merger votes are at prices that make more big redemptions possible.
What happens to CCIV if it merges with Lucid?
Should the merger be approved by investors (which it likely will be), CCIV will cease to trade, and shares will be converted to LCID, which will trade on the NYSE starting July 23.
Is CCIV merger happening?
The merger is expected to close some time in the second quarter, which is slated to end in a little under three weeks. Lucid also has hinted at the upcoming IPO through social media on May 18, sending CCIV's share price up by almost 6% as investors wait patiently for the merger to close with optimism.
Is CCIV going to merge with Lucid?
After days of both sides rallying stockholders to exercise their vote, the SPAC merger between Lucid Motors and Churchill Capital Corp IV (CCIV) has been approved.
Is CCIV a good investment?
If anything goes wrong, shares have a lot of downside potential, which makes CCIV/Lucid a high-risk/high-reward investment. That can be a good choice for some, but others will likely favor staying away or opting for lower-risk choices instead.
Will CCIV become lucid?
and NEW YORK, /PRNewswire/ -- Churchill Capital Corp IV ("Churchill IV" or "CCIV") (NYSE: CCIV), a publicly traded special purpose acquisition company, and Lucid Motors today announced the completion of their business combination, taking public a company that is setting new standards with its advanced
How much will CCIV stock be worth?
The CCIV ("CCIV" ) future stock price will be 116.401 USD .
Is CCIV a Buy Sell or Hold?
I personally would rate CCIV a hold for most, and a potential buy for those with some appetite for risk who are looking for an investment with a strong return outlook in a bullish scenario.
Is CCIV merging with Lucid Motors?
Lucid Group, the company formed after Lucid Motors' July 23 merger with Churchill Capital Corp IV (CCIV), has become a publicly listed company. “Lucid's mission is to truly mass industrialize electric cars and electric powertrain systems through the development of the most advanced technology imaginable.
Who is Lucid Motors merging with?
Churchill Capital Corp IV
Is the CCIV stock going to go up?
Will Churchill Capital Corp IV stock price grow / rise / go up? Yes. The CCIV stock price can go up from 24.250 USD to 42.323 USD in one year.
What will happen to my CCIV stock?
As a result of the merger, Churchill Capital and Lucid Motors will be renamed Lucid Group. In addition to this, shares of CCIV stock will switch over to the LCID stock ticker. Peter Rawlinson, as well as the rest of the executive team at Lucid Motors, will continue to lead the post-merger company.