Churchill Capital Corp IV has surged 70% in just 4 days amid Lucid Motors merger talks
Churchill Capital Corp IV has surged 70% in just 4 days amid Lucid Motors merger talks
Will DanielJan 14, 2021, 21:00 IST
Lucid Air.Lucid
Churchill Capital Corp IV is continuing its meteoric rise on Thursday, with shares surging roughly 9% before paring some gains.
The SPAC s market cap now pushes $4 billion after shares shot up over 70% in the last four days.
Former Citigroup man
Lucid Motors.
Churchill Capital Corp IV is continuing its meteoric rise on Thursday. Shares have surged over 70% in four days since investors first heard news the special purpose acquisition company may take the EV startup Lucid Motors public.
Electric vehicle maker Lucid Motors is in talks to go public through a merger with a special-purpose acquisition companies run by former Citigroup rainmaker
Hamilton Chukyo Brokerage Comments On Lucid Motors Reportedly In Talks To Go Public
TORONTO, ON / ACCESSWIRE / January 12, 2021 / Hamilton Chukyo Brokerage has today commented on electric carmaker Lucid Motors Inc., as the firm considers going public via a merger with one of Michael Klein s special purpose acquisition companies (SPAC). The deal could be valued at up to $15 billion, commented Anthony Roberts, Head of Institutional Trading at Hamilton Chukyo Brokerage. Lucid is working with financial advisers, and the talks are ongoing, he added.
Michael Klein, a former Citigroup Inc. rainmaker, has two SPACs hunting down deals. The vehicle weighing a deal with Lucid is Churchill Capital Corp IV, the larger of the two, raising more than $2 billion last year.
84 Biggest Movers From Yesterday Benzinga 1/12/2021
Gainers
Zomedica Corp. (NYSE: ZOM) shares surged 92.2% to close at $0.93 on Monday after surging 21% on Friday. The company, last week, appointed Robert Cohen as Chief Executive Officer.
GeoVax Labs, Inc. (NASDAQ: GOVX) shares gained 62.4% to close at $5.36 after the company was awarded NIH grant to advance COVID-19 vaccine development.
Avinger, Inc. (NASDAQ: AVGR) jumped 61.9% to close at $1.45 after climbing around 38% on Friday. The company on Dec. 30 was granted a European patent titled Oct imaging catheter with lag correction.
TransEnterix, Inc. (NYSE: TRXC) rose 43.1% to close at $1.66 after jumping around 29% on Friday. TransEnterix, last week, said it sees preliminary Q4 sales of $1.1 million.
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Royal Dutch Shell (NYSE: RDS.A) resumed LNG exports from its Prelude facility in Australia after a lengthy period of maintenance.
Tuesday, January 12, 2021
Oil prices shot up to a 10-month high, posting further gains in the wake of the OPEC+ cuts, and edged a bit higher by a weaker dollar. Some analysts are starting to argue that the rally is getting a little overdone. WTI is above the 200-week moving average, and “it may soon top out,” according to Commerzbank.
LNG prices skyrocket. JKM prices for LNG in northeast Asia are shooting through the roof. Cold weather and higher demand in China and Asia have JKM prices for February delivery well above $21/MMBtu, while individual spot cargoes have traded in the high $30s/MMBtu, breaking all-time record highs. The cost to rent LNG tankers is also breaking records.