IPOF, not CCIV to merge with Lucid Motors? What you need to know. – Idaho Reporter

NYSE

IPOF, not CCIV to merge with Lucid Motors? What you need to know.

Social Capital Hedosophia (NYSE: IPOF) stock is on the move on Tuesday after several Twitter and Stocktwits accounts noted that Lucid Motors will merge with Chamath Palihapitiya’s special-purpose acquisition company, instead of Churchill Capital Corp IV (NYSE: CCIV).

“We do not generally comment on rumors and speculation and will not comment as to whether the Company is or is not pursuing a specific business opportunity other than saying, as noted, we are always evaluating a number of potential business combinations. “-said CCIV in a statement earlier on Tuesday following many rumors surrounding the possible Lucid Motors merger.

CCIV stock has become a major talking point on Stocktwits. Initially, Stocktwits investors debated what a deal with Lucid Motors could mean for CCIV stock. Now, the talks center on whether or not a deal will happen.

source

This PR by CCIV raised more questions than answers. Trouble is, Wall Street, or should I say retail investors are still waiting desperately for merger information.

 

Seems like market manipulators are using the void created by rumored SPAC merger deal that have not yet been officially announced to catch some profit in muddy waters.

While there is almost zero chance IPOF will merge with Lucid Motors, have in mind that CCIV-Lucid merger is not a done deal.

Bottom line: Until Lucid Motors management reveals further details, it’s difficult to say how CCIV’s SPAC will pan out. And in this environment, that’s reason enough for investors to keep trading carefully.

12 Comments

  1. Nas

    One of the worst articles I have read in a long time. What kind of click bait article is this. Has no actual information. Not even sure what it’s trying to say. Bad journalist.

  2. hughjanus

    Thanks robert reed for wasting my time.

  3. Amy M

    You aren’t a good reporter. Your wasting everyone’s time. Do your DD better.

  4. Chuck

    This is stupid.

  5. maruti800

    Title suggested author knows more than what the readers know. Truth is – author is as blank as readers.

  6. sai prasad somayajula

    Dont waste readers time by catchy headlines. Stuff inside matters.

  7. “Bottom line: Until Lucid Motors management reveals further details, it’s difficult to say how CCIV’s SPAC will pan out.”

    Should be:

    “Bottom line: “Author knows nothing but that doesnt keep him from blabbing pointlessly.”

  8. Nep

    give him a break. He is simply suggesting the possibility. NOthing wrong with the title.

  9. C

    Clickbait and misleading title.

  10. Amy

    Your not a reporter. Your a pumper.

  11. Steven

    Wow this was terrible. You have 0% credibility in the industry now, well done mate

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