Shares of Churchill Capital IV (NYSE: CCIV.U)were having a wild ride on Friday, amid rumors that the special purpose acquisition company (SPAC) was close to announcing a deal to merge with electric-vehicle maker Lucid Motors. As of 1:15 p.m. EST, Churchill's shares were up about 8% from Thursday's closing price.
What's happening with Churchill capital's shares?
Feb 01, 2021 · What happened. Shares of blank check company Churchill Capital IV ( CCIV) hit a new high today, as investors continue to believe it will soon announce a merger with luxury electric-vehicle (EV ...
Is Churchill capital IV stock headed for a merger with Lucid Motors?
Apr 15, 2022 · finance.yahoo.com - July 14 at 2:41 AM. Churchill Capital Corp IV (CCIV) Class Action: Shareholder with Losses Exceeding $500K Are Encouraged to Contact the Firm Before Lead Plaintiff Deadline: August 30, 2021 - Bronstein, Gewirtz & Grossman, LLC. finance.yahoo.com - July 13 at 12:42 PM.
What does the Churchill capital IV SPAC merger mean for investors?
Jan 20, 2021 · Why is Churchill Capital Corp IV stock up? The SPAC is rising off the back of rumors that it is going to put Tesla in the ground — ok, probably not, but the rumor mill thinks it is going to try and take on Elon Musk et al. through a possible merger with California-based Lucid Motors. However, for now, these rumors are just that — rumors!
Will Charlie Shrem reveal a $100 trillion explosion in cryptocurrency?
Feb 12, 2021 · In the filing, the blank-check company shared that Magnetar Capital held 17.98 million units as of Dec. 31, 2020. Based on a November update that CCIV stock had 207 million shares outstanding ...
What happens to CCIV stock after Lucid merger?
Will my Churchill stock become Lucid?
Is CCIV Lucid Motors stock?
Is CCIV merging with Lucid Motors?
Lucid Group, the company formed after Lucid Motors' July 23 merger with Churchill Capital Corp IV (CCIV), has become a publicly listed company.Jul 27, 2021
Did CCIV change to LCID?
Will CCIV shares convert to LCID?
What will CCIV new ticker be?
When did Lucid merge with CCIV?
How many Lucid shares does CCIV have?
Will CCIV shareholders get Lucid stock?
When did CCIV go public?
How much is CCIV stock today?
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Key Turning Points.
| 52-Week High | 64.86 |
|---|---|
| Last Price | 24.25 |
| 52-Week Low | 9.60 |
Who is Churchill Capital IV?
Churchill Capital IV is a blank-check company formed by Wall Street veteran Michael Klein, one of the most prominent figures in the SPAC game alongside Chamath Palihapitiya and Bill Foley.
Does CMC Markets endorse?
CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.
Is Churchill Capital merged with Clarivate Analytics?
Churchill Capital Corp I was originally founded in 2018 and merged with Clarivate Analytics Plc, before Klein opted to sponsor 3 more SPAC’s. Churchill Capital II is not yet affiliated with any merger, while Churchill Capital Corp III announced a definitive agreement to merge with MultiPlan, Inc. last year. That brings us to number IV.
How much money does Churchill Capital IV have?
The transaction will include Churchill Capital IV's $2.1 billion in cash, plus a $2.5 billion PIPE (private investment in public equity) anchored by Saudi Arabia's Public Investment Fund (PIF) -- which is currently Lucid's majority shareholder -- and other familiar institutional heavyweights like BlackRock and Fidelity.
What does "buy the rumor sell the news" mean?
That adage refers to a common phenomenon in the market when an event fails to live up to expectations. Here's why investors may be disappointed in the deal.
Why does SPAC prefer a lower valuation?
The SPAC prefers a lower valuation, since that allows it to acquire a larger ownership stake in the target company with the money at its disposal.
Is Churchill Capital IV merging with Lucid?
For several weeks, rumors swirled that Churchill Capital IV ( NYSE:CCIV) was preparing to merge with Lucid Motors. Lucid, one of the hottest electric vehicle (EV) start-ups, is about to begin delivering its luxury sedan, the Lucid Air, within a few months. At long last, the companies confirmed the deal last night, ...
Is there a churn in a stock?
There is always "churn" in an institutional list. Stocks will be part of various funds that institutional investors have to track and if the stock is removed from a fund or index then institutional tracking funds will sell the underlying stock irrespective of whether they think the price will go up or down.
Can CCIV go bust?
Traders have different risk tolerances. Remember the worst-case scenario is capped at $10. CCIV cannot go bust or collapse. By law, SPAC's have to keep the cash raised from the IPO in trust and return it to shareholders after 2 years if no deal is done.
Does CCIV have a deal?
CCIV has had a sharp rise, yes a deal may happen, giving a short-term boost, but if it doesn't or if things drag on, make sure you do not over-leverage and lose cash you cannot afford to. The author has no position in any stock mentioned in this article and no business relationship with any company mentioned.
