All you ever wanted to know
Asked by Paola Cook
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Will CCIV become LCID?
CCIV is now officially LCID as the Lucid Motors transaction has closed and begins trading under its new ticker today. All 7 SPAC merger votes are at prices that make more big redemptions possible.
Can CCIV change ticker symbol?
Its stock symbol will change from "CCIV" to the new "LCID" ticker symbol. It will also be delisted from the NYSE and moved to the Nasdaq. CCIV stock gained more than 7 percent on the merger voting date announcement and has risen 163 percent this year.
Will CCIV merge with lucid?
After days of both sides rallying stockholders to exercise their vote, the SPAC merger between Lucid Motors and Churchill Capital Corp IV (CCIV) has been approved. ... If you don't know by now, Lucid Motors is a luxury EV automaker on the cusp of delivering its first sedan, the Air, "sometime in the second half of 2021."
What happens to CCIV shares after merger?
Should the merger be approved by investors (which it likely will be), CCIV will cease to trade, and shares will be converted to LCID, which will trade on the NYSE starting July 23.
Will CCIV stock go up after merger?
CCIV stock is seeing a decent amount of trading today following the merger news. ... That's closing in on the company's daily average trading volume of roughly 12.5 million shares. CCIV stock was up 1.7% Friday afternoon and is up 131.6% since the start of the year.
Can I buy Lucid Motors stock?
You can buy Lucid Motors stock now under the ticker 'LCID' on the Nasdaq exchange.
Who did CCIV merge with?
Update July 23: Shares of Churchill Capital IV (NYSE: CCIV) fell as low as $22.33 before recovering to end Thursday at $22.90, still down 2.26%. CCIV stocks ignored the positive Wall Street indices amid 'sell the fact' trading, as the CCIV shareholders approved the merger with Lucid Motors.
Who did lucid merge with?
Lucid completed the previously announced merger with Churchill Capital Corp IV on July 23, 2021. The combined company will now operate as Lucid Group, Inc. Lucid will be ringing the opening bell at Nasdaq on July 26 to celebrate the company's public listing.
Is CCIV a good buy?
CCIV stock is a good buy now
Investors who believe in Lucid's potential to speed up production and deliveries should buy shares now. The company forecasts revenue of $97 million in 2021, $2.2 billion in 2022, and $14 billion in 2025. Lucid is also set to benefit from the Biden administration's EV policies.
What happened to CCIV?
Churchill Capital (NYSE:CCIV) stock is on the move Friday following news of the special purpose acquisition company (SPAC) closing its merger with Lucid Motors. Exterior of Lucid Motors building representing CCIV stock. ... Now that work is finally done as the two companies have completed the merger.
Why did LCID stock drop?
It's common for stocks to drop when lockup periods expire, as traders and investors anticipate a flood of new shares coming to market. That's why Lucid's stock was down this morning.
Who bought Lucid Motors?
The two sides announced a $1 billion deal in September of that year, just a few weeks before Crown Prince Mohammed bin Salman had Washington Post journalist Jamal Khashoggi brutally murdered. That injection of cash, plus subsequent investments from the fund, have given Saudi Arabia majority ownership of Lucid Motors.
Is lucid air better than Tesla?
Lucid claims the limited-run Air Dream Edition, its first vehicle, can travel up to 517 miles on a full battery, over 100 miles more than the Tesla Model S, which has dominated the range game for years.
What SPAC did lucid merge with?
Shareholders approved Friday EV startup Lucid Motors' merger with special purpose acquisition company Churchill Capital IV, after the companies extended the deadline by one day because not enough retail investors showed up to cast their vote.
What is the best stock app?
Best Stock Trading Apps 2021
Is CCIV stock overvalued?
The Bottom Line on CCIV Stock
Lucid, as I've noted in multiple articles, certainly has important strengths, but the current valuation of CCIV stock is far too high. This is especially true given Lucid's order total and the technical and competitive risks it's facing.
Is Lucid Motors a Chinese company?
Formerly known as Atieva, Lucid was founded as a battery company in 2007 with backing largely from Chinese investors. ... The Saudi funding allowed Lucid to begin construction on an assembly plant in Casa Grande, Ariz.
Is Lcdx a Lucid motor?
Lucid Motors is based out of Newark, California, and is just 10 miles down the road from Tesla's Fremont factory, according to Google Maps. Lucid Inc. trades on the OTC market under the ticker symbol LCDX. ... Lucid Inc. is based out of Massachussetts and is a medical technologies company.
Has any car Lucid delivered?
Remember that Lucid hasn't actually delivered any cars yet. ... The dual-motor, all-wheel-drive Lucid Air Performance packs a claimed 1,111 hp, 91 hp more than the Tesla Model S Plaid. It is claimed to go 475 miles on a charge, 70 miles more than the Tesla Model S Long Range.
What is a SPAC IPO?
Special purpose acquisition companies (SPACs) have become a preferred way for many experienced management teams and sponsors to take companies public. A SPAC raises capital through an initial public offering (IPO) for the purpose of acquiring an existing operating company.
Is NIO a buy or sell?
Analysts expect Nio to pare losses to 52 cents per share in all of 2021 from 73 cents in 2020, according to FactSet. Revenue is seen surging 124% this year. ... Out of 20 analysts covering Nio stock, 17 rate it a buy, two have a hold and one has a sell, FactSet says.
Is CCIV a long term investment?
Current price today: ?24.250 USD (.544%) Historical index on US Stock Market : A "Should I invest in Churchill Capital Corp IV stock?" "Should I trade "CCIV" stock today?" According to our live Forecast System, Churchill Capital Corp IV stock is an awesome long-term (1-year) investment*.