After all the hype and stock pumping seems like dark clouds are gathering above CCIV shareholders on Thursday. According to this latest post on TheFly, Lucid Motors -Churchill Capital Corp IV (NYSE:CCIV) merger is not a “done deal” after all.
The merger talks between Churchill Capital Corp IV (CCIV) and Lucid Motors are in “no way” a done deal, CNBC’s David Faber reports, citing sources. Bloomberg on January 11 reported that electric vehicle maker Lucid is in talks to go public through a merger with one of Michael Klein’s special purpose acquisition companies, Churchill Capital Corp IV. A transaction could be valued at up to $15B, sources told Bloomberg.
CCIV stock price is down in the first trading hour following this news after it briefly touched all time high of $20.14.