LUCID CCIV FULL

CCIV had fallen into that same void, despite the enthusiasm for the stock by investors this year. The volatility of SPACs make them infrequent targets of analyst projections, as the experts typically prefer to wait until the company has cleared the merger process and is trading under their new ticker (CCIV will become LCID once the merger is finalized).

Volatility associated with the excitement over the company’s potential sent it as high as nearly $65 earlier this winter and then back down to around $17 during the recent market correction.

With the CCIV merger expected to close on July 23rd, the share price currently sits at $27.02. Additionally, their tech may be coveted by other auto manufacturers, who don’t have the same capabilities or expected time frames to develop their own, which may lead to lucrative collaborative deals. Although their initial foray into the market is with luxury vehicles, they will gradually be expanding into lower-priced cars, SUVs and renewable energy storage among other possible ventures. With an All-Star roster of talent in their ranks, superior technology and deep pockets, they have grand plans to be a dominant force in the EV sector. Recently, the company saw its first analyst price prediction, which provided a very bullish initial outlook. With its inaugural line of cars expected to start being delivered to customers shortly thereafter, the short and long-term excitement for the stock is palpable. In the coming weeks, up and coming luxury EV company Lucid Motors will be completing a SPAC merger with Churchill Capital Corp IV (CCIV). It will be listed on the Nasdaq.The EV company has a bright future according to an initial analysis And while they’re not the first to run into trouble trying to round up enough shareholders to approve a SPAC merger, the $4.5 billion investment hanging in the balance makes this last-minute delay feel just a bit more precarious.Ĭorrection: This article previously stated that Lucid Motors will be listed on the New York Stock Exchange when the merger closes. Klein and Rawlinson said they still expect the merger to close on Friday, and for Lucid Motors to take Churchill’s place as a publicly traded company on the Nasdaq. Even when the company was able to track down the shareholder to ask them to vote, there was a good chance that person had already sold their shares to someone else.

LUCID CCIV FULL

This person said the spreadsheet their company received from the proxy solicitor was full of disconnected numbers or old AOL email accounts. But this has gotten harder because so many people are trading SPAC shares, an employee of a company that recently merged with a SPAC tells The Verge. Public companies use third-party services known as “proxy solicitors” who are supposed to keep tabs on shareholders so they can be reached when it’s time to vote on company matters. Some SPACs are having trouble running down shareholders But if they simply bought what they thought was a hot stock, they may not even know about the vote in the first place. That’s fine most people had never heard of SPACs before they took off last year. Since many of these retail traders are new to the stock market, they’re less likely to understand the vagaries of SPAC mergers. Much like GameStop and AMC, the more popular Churchill stock became, the more it may have looked like a good way to make some money. But since the beginning of the pandemic there’s been an enormous influx of “retail traders,” everyday people buying and selling stocks on apps such as Robinhood. Some of that comes from people really believing in Lucid Motors and its potential in the growing market for electric vehicles. Churchill announced the merger in February, and in the months since, its shares have been one of the most heavily traded of all the SPACs on the market. The other reasons have more to do with just how wild the stock market has gotten in the last two years. “I need to remind you to check your emails, and check your spam emails.” But it’s critical and important to vote and to have the tools to vote,” he said. And I know that some of those emails may have gone into your spam folder or otherwise. “It should have been mailed or emailed to all stockholders. “some of those emails may have gone into your spam folder”

Lucid cciv