buying deep $ipof https://t.co/gzyCz43p5j. People may receive compensation for some links to products and services on this website. ET, though coming off their session lows. Are you serious?? Bad journalist. Churchill Capital (CCIV) Lucid merger news Michael Klein is the man behind Churchill and he has strong connections with Lucid Motor's key executives and backers. Lucid, which plans to build vehicles at its factory in Arizona, aims to deliver 20,000 vehicles in 2022 and 251,000 in 2026 by adding other models like an electric sport utility vehicle. Lucid has just made public via Twitter that European deliveries will be in late 2021. Although Palihapitiya could spoil Churchill Capital's deal given his deep interest in the EV industry, Churchill and Lucid have a unique relationship. All Rights Reserved. On Jan. 11, Bloomberg reported that Churchill Capital was in talks to take Lucid Motors public. Offers may be subject to change without notice. Churchill Capital (NYSE:CCIV) stock is soaring higher on Friday following a Tweet from Lucid Motors about the upcoming special purpose acquisition … CCIV and Lucid are combining at a transaction equity value of $11.75 billion. “Bottom line: Until Lucid Motors management reveals further details, it’s difficult to say how CCIV’s SPAC will pan out.”, “Bottom line: “Author knows nothing but that doesnt keep him from blabbing pointlessly.”. EMAIL. Lucid, run by an ex-Tesla engineer, is the latest EV firm to tap U.S. capital markets, with investors rushing into the sector as tougher emission norms drive a switch to electric vehicles. CCIV & Lucid Motors, Bitcoin, Square (SQ), Spotify (SPOT) and Index Investing. Truth is – author is as blank as readers. That could spark a rapid selloff and send the stock crashing. But the stock pulled back after CNBC journalist David Faber cast doubt on the rumors. The company, which currently has a factory in Arizona, plans to set up a second factory in the Saudi city of Jeddah. This PR by CCIV raised more questions than answers. You left out that the WSB poster who is bashing HYLN ...", "Can this be seen positive or negtively for a merger of CCIV and ...". Investors have been buying up CCIV stock in anticipation of it taking Lucid Motors public. Social Capital Hedosophia (NYSE: IPOF) stock is on the move on Tuesday after several Twitter and Stocktwits accounts noted that Lucid Motors will merge with Chamath Palihapitiya’s special-purpose acquisition company, instead of Churchill Capital Corp IV (NYSE: CCIV). Start Trading >> Plus500. Valuation of CCIV is a lot to ...", "Two things. “We do not generally comment on rumors and speculation and will not comment as to whether the Company is or is not pursuing a specific business opportunity other than saying, as noted, we are always evaluating a number of potential business combinations. Very excited to talk about it soon.. 02/24/2021 Thoughts on Spacs, (CCIV), Lucid Motors, Bitcoin, Square (SQ), Spotify (SPOT) and Index Investing. Nothing more or less. Electric vehicle startup Lucid Motors may be nearing a Michael Klein-run SPAC agreement to take the California based company public, according to Reuters. Investors Are Eager To Get a Piece of Coupang, ‘The Next Amazon,’ at Its IPO, Both Aeva and Luminar Are Going Public, but Only One Can Be the LIDAR, Investors Are Now Paying Even Closer Attention to Reddit Stock Discussions, BUZZ ETF Tracks Trending Stocks for You, Challenges ARKK ETF, replace the federal government’s entire vehicle fleet with EVs. The EV maker aims to raise more funds, and it’s considering its options. It will be a PIPE. 1-pager attached. If you would doubt CCIV were aware of Lucid… NOthing wrong with the title. Like Churchill Capital, Palihapitiya’s SPAC, Social Capital Hedosophia VI (IPOF), is looking for a target. @LucidMotors $cciv ??? If Lucid hits its 2026 revenue target of $23.8 billion, that could be a bargain. Your wasting everyone’s time. It's been searching for a private company to merge with and take public. Investors continue to trade Churchill Capital Corp IV (CCIV) stock on Lucid Motors merger rumors, albeit more cautiously now. It needs to ramp up its capacity quickly to be able to produce 400,000 cars per year. Read more opinion Follow @chrismbryant on Twitter ... CCIV has become one of the most discussed stocks on investor forums such as Stocktwits and a 17,000-member subreddit. Now, the talks center on whether or not a deal will happen. Lucid Motors, the company behind the stylish Lucid Air electric vehicle, is rumored to be in merger talks with the Special Purpose Acquisition Company (SPAC), Churchill Capital Corp. IV . Do your DD better. I just made my biggest investment in climate change.$ACTC is merging with @Proterra_Inc to help take it public. Enter your email address to subscribe to Idaho Reporter and receive latest news by email. Follow me on Twitter. If SPAC shareholders don’t like the SPAC's target business or something about a deal, they can withdraw their money. Title suggested author knows more than what the readers know. Disclosure: 12,000 commons at ~$12.80 cost basis as of 1/11/2021 Addendum 12:58 PM Eastern: 1/12/2021 - At 3 pm Eastern … ... You can send tips on Twitter (DMs open) or via email: [email protected]. 76.4% of … He is simply suggesting the possibility. Lucid and CCIV anticipate that subsequent events and developments will cause Lucid's and CCIV's assessments to change. After a 38% plunge, Lucid's CCIV merger values the revenue-free company at $57 billion. In going public, the EV maker could opt for either a traditional IPO or SPAC. It goes without saying that a lot of investors will be disappointed if the deal doesn’t happen. However, we do know that Lucid is planning to build another factory, which could delay its listing through a SPAC. © Copyright 2021 Market Realist. Churchill Capital is thought to be targeting the EV (electric vehicle) industry, which has become a favorite space for SPACs. Real time Churchill Capital Corp IV (CCIV.U) stock price quote, stock graph, news & analysis. Seems like market manipulators are using the void created by rumored SPAC merger deal that have not yet been officially announced to catch some profit in muddy waters. Shares of Churchill Capital were down around 25% at 10:45 a.m. If Lucid became the 2021 stock market's version of Tesla, they *will* sell many, many more cars than they otherwise would have. Lucid was founded in 2007 as Atieva by former Tesla TSLA executive Bernard Tse and entrepreneur Sam Weng. "USPS , part of the US government vehicle fleet. Dont waste readers time by catchy headlines. One pager will be written and posted. Furthermore, Churchill Capital sponsor Michael Klein is a longtime advisor to Liveris. This stellar performance has sent investors on the hunt for more EV stocks. Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger deal to take the California-based EV company public. Stuff inside matters. While the message does not contain much new information for CCIV stock fans, it affirms that Lucid Motors is on track toward its EV disruption. Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger deal to take the California-based EV company public. What kind of click bait article is this. Market Realist is a registered trademark. And in this environment, that’s reason enough for investors to keep trading carefully. Churchill Capital (NYSE:CCIV) stock is soaring higher on Friday following a Tweet from Lucid Motors about the upcoming special purpose acquisition company (SPAC) merger. The stock has more than doubled since the first reports of a possible merger. … You aren’t a good reporter. You have 0% credibility in the industry now, well done mate. ... Lucid… CCIV stock has become a major talking point on Stocktwits. The potential development sent shares of blank-check company Churchill Capital IV (CCIV) up more than 30% on Tuesday afternoon. Investors have made good money with Tesla, which gained nearly 700 percent in 2020. Advertisement Not even sure what it’s trying to say. Saudi Arabia's sovereign wealth fund invested $1.3 billion in Lucid Motors in 2018. Bottom line: Until Lucid Motors management reveals further details, it’s difficult to say how CCIV’s SPAC will pan out. The company’s technology, their lead and their revenues made this a no brainer for me. El Profesorr made a schematic of ties between CCIV and Lucid: Source: Twitter. give him a break. pic.twitter.com/Lv1Q6zkQwj, I’m working on a new climate investment. 633 votes, 401 comments. Investors reacted with excitement, driving CCIV stock up by as much as 40 percent. The information or a page on Bloomberg Terminal dedicated to CCIV/Lucid Motors merger is a simple, semi-automated message created off of this article. Social Capital Hedosophia (NYSE: IPOF) stock is on the move on Tuesday after several Twitter and Stocktwits accounts noted that Lucid Motors will merge with Chamath Palihapitiya’s special-purpose acquisition company, instead of Churchill Capital Corp IV (NYSE: CCIV). Joe Biden plans to replace the federal government’s entire vehicle fleet with EVs. Wow this was terrible. Report of Lucid Merger With CCIV. It's now been over a month since Bloomberg News broke the news that special-purpose acquisition company (SPAC) Churchill Capital IV (NYSE:CCIV) was in talks to merge with Lucid … I led the $415M PIPE. A lack of clarity on the Lucid Motors merger has turned CCIV stock volatile. Churchill Capital has frequently been mentioned as its potential SPAC partner. It could also be a negotiating ploy. Churchill Capital Corp. IV retail investors stung by the steep drop following the Lucid Motors deal are banding together on Reddit to 'defend' the stock Will Daniel Feb. 26, 2021, 08:09 PM COPY LINK. Lucid Motors (CCIV) and Proterra (ACTC) are the latest electric vehicle companies looking to go public as there’s currently a gold rush in the space. 1. “We do not generally comment on rumors and speculation and will not comment as to whether the Company is or is not … A lack of clarity on the Lucid Motors merger has turned CCIV stock volatile. While there is almost zero chance IPOF will merge with Lucid Motors, have in mind that CCIV-Lucid merger is not a done deal. ... TWITTER. One of the worst articles I have read in a long time. Perhaps CCIV thought the $15 billion valuation was too high and their CCIV shares would not go up as much as they would like. Trouble is, Wall Street, or should I say retail investors are still waiting desperately for merger information. @Proterra_Inc is NA’s #1 EV bus OEM. This is actually almost exactly the same thing as Pitchbook rumor about this page , that caused many retail investors to go headfirst and buy CCIV stock. The Saudi factory may become a sticking point when a deal is presented to shareholders of its SPAC partner. Further weighing on CCIV stock were rumors that Churchill Capital could face competition for Lucid from Chamath Palihapitiya. Lucid Motors executives have largely been quiet about the company’s plans to go public, and Churchill Capital has stated it can't comment on the rumors it has set its sights on the EV company. Creating even more investor interest in the EV space is the Biden administration's priority to address climate change. Lucid Motors and the SPAC Churchill Capital Corp. IV (CCIV) May Have To Delay Their Merger Agreement Until Negotiations Over a Saudi Production … Churchill Capital, a blank-check company, raised more than $2 billion in … I think this is positive, but I'm not sure how important it is. A very large part ...", "I think the deal is done. It ended up becoming the largest shareholder in the business, with a 67 percent stake. Has no actual information. First, Lucid chairman Andrew Liveris is an operating partner at Churchill Capital, and a special advisor to Lucid’s top investor, the Saudi sovereign wealth fund. Churchill Capital, a blank-check company, raised more than $2 billion in its SPAC IPO in 2020. “-said CCIV in a statement earlier on Tuesday following many rumors surrounding the possible Lucid Motors merger. At $22.33 currently, CCIV stock has stepped down 18 percent from its all-time high of $27.30, reached in the past week. ... You can send tips on Twitter … According to Saudi fund governor Yasir Al-Rumayyan, the options on the table include Lucid arranging a private investment as it has done before, or selling shares in the public market. Shares were halted for volatility following the news. It powers a lot of progress in an area that is very important to me and they partner with some great companies to do it. The stock rose about 6 percent on Jan. 28 after falling more than 13 percent on Jan. 27. Nothing more or less. Peter Cohan. This may lead to the deal falling through. Initially, Stocktwits investors debated what a deal with Lucid Motors could mean for CCIV stock.