84 days ago • Posted by William Ramstein

Churchill Capital IV shares pop 30% in EV SPAC excitement

Electric vehicle startup Lucid Motors may be nearing a Michael Klein-run SPAC agreement to take the California based company public, according to Reuters. The potential development sent shares of blank-check company Churchill Capital IV (CCIV) up more than 30% on Tuesday afternoon. Shares were halted for volatility following the headline. Reports of a possible deal between Lucid and Churchill Capital IV have been circulating for about a month now, prompting the special purpose acquisition company to put out a statement back in January. Year-to-date CCIV is up more than 400%, with much of the gains due to speculation of an agreement. Source: Yahoo