After the merger is closed, CCIV stock will immediately convert to Lucid stock and cease to exist in its SPAC avatar.
Should you buy CCIV stock?
Jun 04, 2021 · Without this kind of parabolic growth, it’s going to be tough for shares to hold onto their current valuation much less make a stunning recovery back to past highs. Downside Risk After the Merger...
Is CCIV stock a good buy?
Feb 02, 2022 · It's around 17% meaning that if you owned 5% of the spac that you would only own about.85% of lucid. Lucid group goes public after cciv merger, raises $4.4 billion lucid group trades under the lcid ticker symbol. Forget about cciv stock roaring back above $60 per share. Tv5monde channel number in sun direct + 18morebest.
What happens to CCIV stock after the Lucid Motors merger?
Feb 02, 2022 · The deal will value lucid motors at a transaction equity value of $11.75 billion based on the $10 share offering price. Investment advice is mixed for cciv stock the cciv spac merger with lucid motors is expected to close sometime in the second quarter of 2021 and generate about $4.4 billion in cash to fuel lucid.
What happened to CCIV stock?
Jul 23, 2021 · 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 …
Will my CCIV stock convert to LCID?
Shareholders approved the long-awaited merger between Churchill Capital and Lucid (NASDAQ:LCID) on Friday. This was the last roadblock to making the deal a reality. As such, as of Monday, CCIV stock has converted into LCID stock. The company is known as Lucid Group and trades on the Nasdaq.Jul 29, 2021
Is the CCIV merger going to 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.Jul 23, 2021
Should I buy CCIV stock 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.Jun 28, 2021
How much is CCIV after merger?
It's worth noting that the upcoming finalization of the CCIV-Lucid merger will likely result in approximately 1.6 billion shares outstanding, considering original transaction terms of $15 per share for a total pro-forma equity value of $24 billion.Jun 11, 2021
Did CCIV become lucid?
and NEW YORK, July 23, 2021 /PRNewswire/ -- Churchill Capital Corp IV ("Churchill IV" or "CCIV") (NYSE: CCIV), a publicly traded special purpose acquisition company, and Lucid Motors today announced the completion of their business combination, taking public a company that is setting new standards with its advanced ...Jul 26, 2021
Do stocks go up or down after a merger?
Key Takeaways. When one company acquires another, the stock price of the acquiring company tends to dip temporarily, while the stock price of the target company tends to spike. The acquiring company's share price drops because it often pays a premium for the target company, or incurs debt to finance the acquisition.
Is CCIV a good long term investment?
After it's merger with EV maker Lucid Motors, investors hope that the stock prices will grow over time. However, because Lucid Motors is a startup, it might take a while for it to gain standing in the EV market. Therefore, the CCIV is a good long-term stock that requires a patient investor.May 24, 2021
What will CCIV new ticker be?
Churchill Capital IV shareholders have voted in favor of merging with Lucid. The stock will change its ticker symbol to "LCID" on Monday.Jul 24, 2021
Is CCIV shorted?
Churchill Capital Corp IV currently has a short interest ratio of 3.0. Learn More on Churchill Capital Corp IV's short interest ratio.
Is CCIV undervalued?
CCIV Stock Is Almost 20% Undervalued Ahead of Lucid Motors Merger.Mar 31, 2021
When did CCIV announce merger?
NEW YORK, July 23, 2021 /PRNewswire/ -- Churchill Capital Corp IV ("Churchill IV" or "CCIV") (NYSE: CCIV), a publicly traded special purpose acquisition company, announced that in a special meeting held today, its stockholders voted to approve the proposals required to complete its combination with Lucid Motors ("Lucid ...Jul 23, 2021
How many Lucid shares for CCIV?
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.Jul 8, 2021
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.
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.
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.
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?
Bought Another Share!
Just a happy small investor. Now up to a total of 21 shares. I keep the majority of my investments to mutual funds, but my play money has been going into Lucid recently. I know I won’t be a millionaire off about $500 initial investment, but it’s still fun and I don’t see enough of the little guy getting represented here.
Why is everyone so impatient and complaining?
Do you think the BOD cares about fluctuations in their stock price on a daily basis? Or that they care about a bunch of idiots on reddit/ stock board, complaining about the lack of news? They are running a company trying to make and sell cars. They don't give a F about us and they shouldn't.
