Shares of Churchill Capital Corp IV are trading close to $15 after floating around the $10 mark for months. According to information from Fidelity, the SPAC was the third most brand name among Fidelity clients since Tuesday morning, behind EV makers Nio and Tesla.
In this case, the partner company is Lucid Motors, a relatively reputable EV producer based out of Newark, California, which targets the automobile market’s luxury end. The deal could possibly value Lucid at $15 billion, according to Bloomberg.
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