- Churchill Capital Corp IV (NYSE:CCIV) rallies in early trading after Reuters reported over the weekend that a SPAC deal announcement with Lucid Motors (LUCIDM) could arrive as early as tomorrow.
- The buzz over Lucid is partially over its upcoming electric vehicle, which is projected to have a max range of 517 miles, generate 1080 horsepower and list at $69,900.
- Shares of Churchill Capital are up 13.41% premarket to $60.04. The trading high for CCIV is $64.86
- While Reuters tips the SPAC-created company could be valued at $15B, Seeking Alpha author Long Term Tips thinks it may be smart to see the full deal details before buying the SPAC.