As of July 26, CCIV stock ceased to exist. Its common stock and warrants got delisted from NYSE and the company started trading under the ticker "LCID" on Nasdaq. Rawlinson and the rest of his team at Lucid will continue to lead the post-merger company.
Should you buy CCIV stock?
Only Buy CCIV Stock If You’ll Hold It For At Least 5 Years. When Churchill Capital IV (NASDAQ: CCIV) announced a deal to acquire Lucid Motors at an $11.75 billion valuation on Feb. 22, retail ...
Is CCIV stock a good buy?
Churchill Capital IV (NYSE:CCIV) stock lost almost 50% on Feb. 23 after it announced a SPAC deal to buy Lucid Motors, an electric vehicle maker. CCIV stock lost all of its premium and glitter.
Should I buy CCIV?
To sum it up, CCIV stock isn't a buy right now even after the more than 50 percent drawdown from its 52-week highs. Investors should wait for better prices.
What happens to CCIV stock after the Lucid Motors merger?
The shares of Lucid Group (LCID) have gained recently despite the company’s weak fundamentals. So, we think they could witness a pullback in the near term. We also believe that the stocks of fundamentally strong EV companies NIO Inc. (NIO), XPeng Inc ...
When will Lucid Motors merge with Churchill Capital?
How much did Churchill Capital raise in 2020?
What happens to SPAC after merger?
Is Lucid still merging with CCIV?
Lucid Group, the company formed after Lucid Motors' July 23 merger with Churchill Capital Corp IV (CCIV), has become a publicly listed company....Lucid Group trades under the "LCID" ticker symbol.CategoryIndustryBody StyleSedan1 more row•Jul 27, 2021
Will CCIV ticker change to LCID?
Churchill Capital Corp IV (CCIV) will change its name, trading symbol, and CUSIP to Lucid Group, Inc. (LCID), CUSIP 549498103 effective July 26, 2021. As a result, option symbol CCIV will also change to LCID effective at the opening of business on July 26, 2021.
Did the CCIV merger happen?
After days of both sides rallying stockholders to exercise their vote, the SPAC merger between Lucid Motors and Churchill Capital Corp IV (CCIV) has been approved.
What is CCIV stock now?
Key Turning Points52-Week High64.86Fibonacci 50%37.23Fibonacci 38.2%30.71Last Price24.2552-Week Low9.601 more row
When did CCIV become lucid?
Shares of common stock and warrants of the post-combination company, renamed Lucid Group, Inc. ("Lucid"), will be listed on The Nasdaq Stock Market LLC ("Nasdaq") beginning on July 26, 2021 under the ticker symbols "LCID" and "LCIDW," respectively. Units will no longer trade separately.
When did CCIV turn to LCID?
Churchill Capital IV reconvened a special meeting of its shareholders today in order to secure the approval of proposal number 2. That approval has now been accorded, clearing the path for a ticker change to LCID on Monday, the 26th of July.
Is CCIV Lucid Motors stock?
Shares of common stock and warrants of the post-combination company, renamed Lucid Group, Inc. ("Lucid"), will be listed on The Nasdaq Stock Market LLC ("Nasdaq") beginning on July 26, 2021 under the ticker symbols "LCID" and "LCIDW," respectively. Units will no longer trade separately.
How many Lucid shares does CCIV have?
Moreover, the PIPE investors, who are bringing in $2.5 billion in crucial liquidity, also need to be issued new shares, to the tune of 166.66 million. Assuming no redemptions, 1.595 billion Lucid Group common shares will have to be issued in total upon the close of the merger agreement.
Why did Lucid Motors merger with CCIV?
Merger with CCIV would allow Lucid to raise capital like a public company, bolstering the development and marketing of Lucid's first luxury electrical vehicle, Lucid Air.
What will happen to my CCIV stock after merger?
Now that work is finally done as the two companies have completed the merger. As a result of the merger, Churchill Capital and Lucid Motors will be renamed Lucid Group. In addition to this, shares of CCIV stock will switch over to the LCID stock ticker.
Should I buy CCIV before merger?
The company has a strong and experienced team that could turn the projections and goals into a reality but I would recommend investors to wait for the merger to complete before investing in CCIV stock.
Will CCIV go up tomorrow?
Tomorrow's movement Prediction of Churchill Capital Corp IV Cl A CCIV as on 23 Jul 2021 appears undecisive. It can be Bearish or Bullish....Munafa value: 69 as on 23 Fri Jul 2021.Upside target25.78Upside target25.01Downside target23.95Downside target23.78Downside target23.135 more rows
Who are Churchill Capital Corp IV's key executives?
Churchill Capital Corp IV's management team includes the following people: Mr. Michael S. Klein , Chairman, CEO & Pres (Age 57) Mr. Lee Jay Tara...
Who are some of Churchill Capital Corp IV's key competitors?
Some companies that are related to Churchill Capital Corp IV include Oshkosh (OSK) , Mazda Motor (MZDAY) , Fisker (FSR) , Nikola (NKLA) , Bril...
What is Churchill Capital Corp IV's stock symbol?
Churchill Capital Corp IV trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCIV."
What is Churchill Capital Corp IV's stock price today?
One share of CCIV stock can currently be purchased for approximately $18.02.
How much money does Churchill Capital Corp IV make?
Churchill Capital Corp IV (NYSE:CCIV) has a market capitalization of $4.66 billion.
How many employees does Churchill Capital Corp IV have?
Churchill Capital Corp IV employs 147,000 workers across the globe.
How can I contact Churchill Capital Corp IV?
The official website for Churchill Capital Corp IV is churchillcapitalcorp.com . The company can be reached via phone at 212-380-7500 .
How many Lucid shares will CCIV shareholders get? - reddit
I was thinking if “insiders” Pipe investors got idk the 2.595 of CCIV to their “LUCID” shares then it would make sense because that’s for them for idk what their deal was but obviously they sell after the merge probably and then shares are available short idk.
Wait For The Post-Merger Dip Before Investing in Lucid Motors
More speculation, less action . Lucid Motors will raise $4.6 billion in cash through a merger with Churchill Capital.This merger will increase the market cap of Lucid Motors to $40 billion from $6 ...
Churchill Capital (CCIV) Still a buy stock? What happens once if Lucid ...
Shares in CCIV up over 18% on Monday at $62.91. Churchill Capital and Lucid Motors merger gets closer. Weekend reports on Churchill Lucid merger say might happen Tuesday.
Stockholders approve Lucid's merger with CCIV, will join Nasdaq next ...
Lucid CEO and CTO Peter Rawlinson, shared his thoughts on the approved merger: We are thrilled to complete our business combination with Churchill IV and become a public company.
CCIV (to become LCID) | Elite Trader
CCIV shareholders 258.1 million shares PIPE shareholders 166.7 million shares Existing Lucid shareholders 1,175 million shares ***** "Churchill Capital Corp IV Announces Effectiveness of Registration Statement and Sets July 22, 2021 as Date of Stockholder Meeting for the Lucid Business Combination"
Churchill Capital Corp IV Stock Forecast, Price & News
Get the latest Churchill Capital Corp IV (NYSE:CCIV) stock forecast, price target, news, short interest at MarketBeat.
When will Lucid Motors merge with Churchill Capital?
ET. After several weeks of rumors about a potential merger of Lucid Motors with SPAC Churchill Capital IV, both companies confirmed the deal on Feb. 22. Churchill Capital is a blank-check company created purely to invest in a startup. Churchill Capital raised over $2 billion in its SPAC IPO in 2020.
How much did Churchill Capital raise in 2020?
Churchill Capital raised over $2 billion in its SPAC IPO in 2020. Shares of CCIV shot up by more than 470 percent last month when talks of the potential merger first surfaced. However, news of a definitive agreement being reached prompted an immediate drop in share prices by as much as 46 percent.
What happens to SPAC after merger?
What happens to a SPAC after a merger? After a merger, a SPAC’s stock integrates with the company it acquires. The new publicly traded company usually keeps the primary company name and ticker symbol instead of the SPAC name.
What Was CCIV Stock?
CCIV stock referred to a company known as Churchill Capital Corp IV. The company was known as a special purpose acquisition company and it was publicly traded. On July 23rd, 2021, the company completed a merger with Lucid Motors. As such, the Churchill Capital company ceased to exist in the same manner that it had previously existed.
What Does This Mean for Stockholders?
In short, it means that the stock is no longer valid. In fact, the company was delisted from the New York Stock Exchange on the 26th of July, 2021, just three days after the announcement that the merger had been completed. Of course, that doesn’t necessarily mean that people who had CCIV stock are completely out of luck.
Moving Forward
For those individuals who are still holding on to stock, it will now be traded on NASDAQ under the ticker LCID. The company has also changed its name. As a matter of fact, both companies made legal changes to their names, although Lucid Motors remained largely unchanged for practical purposes. The new company is now known as Lucid Group.
Potential Success
Considering the two companies that are involved, there is always the potential for success in this merger. That said, there is perhaps an even greater potential for failure.
Who are some of Churchill Capital Corp IV's key competitors?
Some companies that are related to Churchill Capital Corp IV include Stellantis (PUGOY), Nissan Motor (NSANY), Geely Automobile (GELYY), Tata Motors (TTM), Hyundai Motor (HYMLF), Subaru (FUJHY), Oshkosh (OSK), Mazda Motor (MZDAY), Fisker (FSR), Nikola (NKLA), Brilliance China Automotive (BCAUY), Federal Signal (FSS), Proterra (PTRA), The Shyft Group (SHYF) and Niu Technologies (NIU). View all of CCIV's competitors..
What is Churchill Capital Corp IV's stock symbol?
Churchill Capital Corp IV trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCIV."
What is Churchill Capital Corp IV's stock price today?
One share of CCIV stock can currently be purchased for approximately $26.59.
How much money does Churchill Capital Corp IV make?
Churchill Capital Corp IV has a market capitalization of $6.88 billion.
What is Churchill Capital Corp IV's official website?
The official website for Churchill Capital Corp IV is churchillcapitalcorp.com.
High Expectations Priced into CCIV Stock
So, what’s the latest with this popular SPAC play? The biggest event as of late has been Lucid’s User Experience (UX) event. This event may have showcased many of the appealing features of the upcoming Lucid air. Yet, investors did not seem too impressed, as seen from the stock’s post-UX sell-off.
Downside Risk After the Merger
Forget about CCIV stock roaring back above $60 per share. The real question you should ask yourself is, “how low can it go?” Will this stock, like other EV startups such as Fisker, fall toward its initial offering price once the deal closes?
Tesla (TSLA)
Tesla is a perfect example of how a publicly traded company could be considered one of the overvalued stocks, yet it shouldn’t be shorted due to the risks of market irrationality. What happened on Jan. 7 provides a cautionary tale for bears who think that they have an easy shorting opportunity. On this day, TSLA stock jumped higher by nearly 8%.
Nio (NIO)
Nio has been synonymous with global demand for EVs, so it’s not at all surprising that NIO stock accelerated the way it did last year. Obviously, the company has the benefit of operating in the world’s biggest automotive market.
Electrameccanica Vehicles (SOLO)
Among overvalued stocks in the EV space, Electrameccanica Vehicles may be the one that sparks the most dichotomous opinions: either you love its flagship Solo vehicle, or you hate it. There might not be much in between. That’s understandable given that three-wheeled vehicles have never really taken off in the U.S.
Kandi Technologies (KNDI)
As I mentioned above, small cars just don’t sell well in the U.S. The American consumer associates size with value, which is why companies analyze the psychology of packaging. Larger dimensions, even if the product itself is diminutive, can improve sales. Logically, I don’t see how Kandi Technologies can compete effectively over the long run.
Li Auto (LI)
Li Auto is a name bears want to be ultra-careful with. Frankly, the sentiment for EVs has gone berserk so this is not a train you want to deliberately bet against. Which, again, I’ll emphasize – this isn’t a list of overvalued stocks to short but rather to wait for conservative investors who don’t care for emotionally volatile markets.
Kaixin Auto (KXIN)
To be fair, it’s not entirely clear if Kaixin Auto deserves to be in this mix of overvalued stocks. Certainly, I question its valuation. But whether it’s an electric vehicle play is open to debate. According to Bloomberg, KXIN stock is indeed a speculative wager on EVs.
Blink Charging (BLNK)
At a reasonable price point, Blink Charging makes sense. If people were to say that BNLK stock is an aspirational investment, you wouldn’t get an argument from me. As more people choose EVs, the narrative for Blink and other EV charging plays will become increasingly compelling.
When will Lucid Motors merge with Churchill Capital?
ET. After several weeks of rumors about a potential merger of Lucid Motors with SPAC Churchill Capital IV, both companies confirmed the deal on Feb. 22. Churchill Capital is a blank-check company created purely to invest in a startup. Churchill Capital raised over $2 billion in its SPAC IPO in 2020.
How much did Churchill Capital raise in 2020?
Churchill Capital raised over $2 billion in its SPAC IPO in 2020. Shares of CCIV shot up by more than 470 percent last month when talks of the potential merger first surfaced. However, news of a definitive agreement being reached prompted an immediate drop in share prices by as much as 46 percent.
What happens to SPAC after merger?
What happens to a SPAC after a merger? After a merger, a SPAC’s stock integrates with the company it acquires. The new publicly traded company usually keeps the primary company name and ticker symbol instead of the SPAC name.
What Was CCIV Stock?
- CCIV stock referred to a company known as Churchill Capital Corp IV. The company was known as a special purpose acquisition company and it was publicly traded. On July 23rd, 2021, the company completed a merger with Lucid Motors. As such, the Churchill Capital company ceased to exist in the same manner that it had previously existed. While both com...
What Does This Mean For Stockholders?
- In short, it means that the stock is no longer valid. In fact, the company was delisted from the New York Stock Exchange on the 26th of July, 2021, just three days after the announcement that the mergerhad been completed. Of course, that doesn’t necessarily mean that people who had CCIV stock are completely out of luck. In fact, quite the opposite is true. Since it is a merger, stockhol…
Moving Forward
- For those individuals who are still holding on to stock, it will now betraded on NASDAQ under the ticker LCID. The company has also changed its name. As a matter of fact, both companies made legal changes to their names, although Lucid Motors remained largely unchanged for practical purposes. The new company is now known as Lucid Group. It is believed that the financial back…
Potential Success
- Considering the two companies that are involved, there is always the potential for success in this merger. That said, there is perhaps an even greater potential for failure. The problem is that it has traditionally been increasingly difficult to manufacture electric vehicles with any real financial success, largely because the public doesn’t seem interested in trading in their traditional interna…