Churchill Capital Corp. IV (NYSE:CCIV) closed Tuesday down 8% after a new Securities and Exchange Commission filing shed additional light on its merger with Lucid Motors. CCIV stock is also under pressure as bearish sentiment around SPACs mounts.
Bill Ackman and Chamath Palihapitiya’s hot SPACs see shaky trading
High-profile special purpose acquisition companies like Pershing Square Tontine Holdings (NYSE:PSTH) and Social Capital Hedosophia Holdings V (NYSE:IPOE) faced pressure in Friday’s session as investors grew wary of SPACs, although the sector later partly rebounded and PSTH even went positive.
The number of public listings by zero-revenue companies valued above $1 billion currently exceeds the dot-com era
The number of public listings by companies without revenues valued above $1 billion has exceeded what was seen in the dot-com era, according to data from the Wall Street Journal.
Lucid Motors finally confirms SPAC deal, and the stock is plunging
After weeks of spiking share prices for a blank-check company rumored to be targeting the acquisition of electric-vehicle company Lucid Motors, the two parties officially announced a deal Monday afternoon, and the stock sank sharply.
Weekly SPAC Rundown – 2/8 – 2/14
A weekly review on the latest SPACs from The SPAC Investor.
CCIV Stock: Peter Rawlinson Sparks Hope for a Lucid Motors SPAC Merger
Bulls look likely to win the battle today with Churchill Capital IV (NYSE:CCIV), as a new interview sends CCIV stock soaring. Without confirmation of a Lucid Motors SPAC merger, what is the rally all about? And what else do you need to know now?