Churchill Capital IV stock gains as stockholders approve merger with Lucid

Jul. 23, 2021 9:17 AM ETLucid Group, Inc. (LCID)LCIDBy: Niloofer Shaikh, SA News Editor18 Comments
  • Churchill Capital Corp IV (NYSE:CCIV) stockholders' voted to approve the business combination with Lucid Motors (LUCIDM).
  • Approximately 98% of votes cast voted in favor of business combination.
  • Closing of the business combination is likely to occur today.
  • Post merger, the company will be renamed Lucid Group on Nasdaq under the ticker symbols "LCID" and "LCIDW", beginning on July 26, 2021.
  • The merger deal was announced in February at $11.75B valuation.
  • CCIV shares up 5.5% premarket.

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