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 · The stock recaptured the $20 mark on may 20. Cciv warrants will become exercisable 30 days after the completion of the merger. The exercise price of the cciv warrant, like for other spac warrants, is. Three days later, churchill made a merger offer at a valuation of just $9 billion to $11 billion, with no pipe.
What happens to CCIV stock after the Lucid Motors merger?
What happened to CCIV stock?
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 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
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.Jun 28, 2021
Should I sell CCIV stock?
I don't think that CCIV stock is a sell - those that own it should have sold at $50 or $60 when the valuation was outrageously high. Selling now, when shares are down so much over the last couple of weeks, wouldn't make sense, I believe....About LCID.SymbolLast Price% ChgLCIDPost25.67 25.704.14% 0.12%May 17, 2021
Is CCIV delisted?
This will have CCIV shares being delisted from the New York Stock Exchange and LCID stock start trading on the Nasdaq Exchange at the start of trading on Monday. Peter Rawlinson, as well as the rest of the executive team at Lucid Motors, will continue to lead the post-merger company.
When did CCIV become LCID?
Should the merger be approved by investors (which it likely will be), CCIV will cease to trade, and shares will be converted to LCID, which will trade on the NYSE starting July 23.Jul 19, 2021
Is CCIV a good long-term investment?
If you are looking at CCIV stock as a long-term investment, there will probably be a more attractive entry point. This could happen between now and the completion of the deal. It is certainly a top EV stock to watch from now on, but not quite the price that investors are paying right now.Feb 23, 2021
How do I buy stock in CCIV?
How to Buy Churchill Capital (CCIV) StockPick a brokerage. The first step to buying shares of CCIV is to pick a brokerage. ... Decide how many shares you want. Once you have your own brokerage account opened up, you next need to decide how many CCIV shares you want to buy. ... Choose your order type. ... Execute your trade.May 21, 2021
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.Jul 8, 2021
Why is CCIV going up?
CCIV stock is getting a boost as investors salivate at the potential valuation of a special purpose acquisition company (SPAC) merger with electric vehicle (EV) maker Lucid Motors. The goal is for the SPAC to take Lucid Motors public with a reverse merger.Jun 2, 2021
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.
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.
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?