The California-based Lucid Motors, a pre-revenue electric vehicles group announced the forthcoming merger of Churchill Capital IV (NYSE:CCIV at https://www.webull.com/quote/nyse-cciv) and Special Purpose Acquisitor Company (SPAC). After the merger will be over, the trading of the CCIV stock on the NYSE under the new “LCID” ticker will begin. Initial rumours of the potential or a trade union between the two parties were puffed out on CCIV in the early part of 2021. The shares opened on January 11 at approximately $ 10. CCIV shares reached $64.86 in a couple of weeks. It’s only 23 bucks now.
Over the last 12 months, many power producers, renewable energy stocks and SPACs have displayed stellar results. The EV honey Tesla (NASDAQ:TSLA) and Nio (NYSE:NIO) Group of China, for example, returned about 600% and 1,560%. Over the last 12 months, many power producers, renewable energy stocks and SPACs have displayed stellar results. The EV honey Tesla (NASDAQ:TSLA) and Nio (NYSE:NIO) Group of China, for example, returned about 600% and 1,560%.
In the run-up to a new season, experts are debating what could be in stock for (NYSE: CCIV). The recent fall in prices has increased the security margin for new investors unsurprisingly. You might consider more loss, particularly in terms of $20, a chance to buy long-term shares in the firm if you do not yet hold shares.
Mean SPAC fusion
Potential buyers should remember that presently, Lucid Motors has no income. The first aircraft, Lucid Air, is expected by management to be ready for the year. CEO, former Tesla executive Peter Rawlinson, is positive about the solid preliminary orders for the car. Such a luxury car will have good room for funding for the potential growth of the group. In its early years, regular readers of InvestorPlace.com will note that Tesla follows a similar approach with its luxurious Model S sedan.
Lucid is now constructing its first-stage factory to produce its high-end cars. It will build 34.000 vehicles a year in the Arizona-based plant. In the next two years, Lucid plans to raise it to 400,000 a year.
We still do not have sufficient metrics to give(NYSE: CCIV) stocks a reasonable valuation. We may, however, also analyse the SPAC partner management team. Michael Klein, Churchill Capital CEO is a well esteemed veteran with active SPAC mergers. Two years ago, for example, Churchill revealed a mixture that contributed to Clarivate formation (NYSE:CLVT).
Another $11 billion merger that led to the founding of MultiPlan in July 2020 was concluded by Churchill Capital Corp. III (NYSE:MPLN). Despite performance, however, several of the SPACs in recent months have been put under pressure. Before investing, you can find more stocks like nyse tme at https://www.webull.com/quote/nyse-tme.