Lucid Motors-Churchill SPAC deal could be announced soon at $15B valuation

Feb. 20, 2021 5:26 PM ETLucid Group, Inc. (LCID)LCIDBy: Clark Schultz, SA News Editor193 Comments
  • Lucid Motors (LUCIDM) is close to striking a deal to go public through a merger with blank-check company Churchill Capital IV (NYSE:CCIV), sources tell Bloomberg.
  • The new report builds on a Reuters article from February 16, but with a valuation level cited at up to $15B vs. the $12B cited just a few days ago.
  • The special purpose acquisition company has reportedly been in talks to raise between $1B and $1.5B in funding from institutional investors to support the SPAC transaction.
  • A deal for the electric vehicle maker could be announced as early as Tuesday.
  • Read more on the EV theme: Massive electric vehicle disruption to test investors.

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