CCIV Churchill Capital Corp IV Class A

Churchill Capital Corp. IV engages in operation of a blank check firm. The firm was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded by Michael Klein and is headquartered in New York, NY.

On 2/23/2021 the company announced a pending merger with Lucid Motors, an electric vehicle company. Assuming no redemptions, the SPAC shareholders will own 16% of the company. The $2.5 billion PIPE investment is priced at $15.00 per share and they will get 10% of the company. Valuation is 11x estimated revenues in 2022 of $2.2 billion.  

$24.20  -3.57 (-12.86%)
As of 03/03/2021 16:10:00 EST     IEX book   CBOE book