Klein’s fourth SPAC
Churchill Capital Corp IV (NYSE: CCIV) is one of the most talked-about SPACs currently searching for a target.
Churchill Capital Corp IV sold 100,000 units in its July 2020 offering. Units included one common share and one-fifth of a warrant.
Churchill Capital Corp IV has been linked with rumors of taking EV company Lucid Motors public since January.
Shares of Churchill Capital Corp IV closed up 27% higher to $39.98 on Friday, hitting a new all-time high of $41.38 in intra-day trading.
Churchill Capital Corp IV is the SPAC trading at the highest premium to NAV without an announced merger. If the SPAC lands Lucid Motors, Klein SPACs could get more attention and attract new buyers and pre-deal premiums.