Lucid Motors and Michael Klein’s SPAC Churchill Capital Corp IV formally announced their merger Monday night which sent the SPAC’s shares tumbling as much as 40%. Lucid Motors revealed high hopes for rapid revenue growth by 2026 and positive earnings before interest and taxes by 2025.
Tag: Michael Klein
Lucid Motors To Potentially Go Public Via SPAC CCIV
EV maker Lucid Motors is said to be discussing going public via a Michael Klein- backed SPAC. The deal would be worth $15 billion. Post the news, shares of the SPAC, Churchill Capital IV jumped 40%, closing at $13.2 Monday.