SPAC Churchill Capital IV (NYSE:CCIV), which is in a deal to take Lucid Motors public, rose 4.9% on speculation of potential partnership to make EV cars with Apple (NASDAQ:AAPL).
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.
SPAC boom skeptics are betting against deals including Social Finance, Lucid and Lordstown Motors. Short sellers are coming for SPACs.
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.
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.
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?
A blank-check company backed by former Citigroup Inc. rainmaker Michael Klein is among the parties interested in buying a stake in AT&T Inc.’s DirecTV satellite-television business, according to people with knowledge of the matter.
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