Lucid suitorâs stock soars on report that a deal to go public is near Lucid Motors Posted at 9:23 AM, Jan 25, 2021 and last updated 2021-01-25 11:23:31-05 A report that a merger deal involving Lucid Motors Inc. is near sent shares of the "blank check" company involved soaring on Friday. The Los Angeles Times cited an unnamed sourceon Friday who said that a deal "is near completion" between Newark-based Lucid â a rival to Tesla Motors â and New York-based Churchill Capital Corp. IV. That sent Churchill's stock up more than 25% on Friday, closing at $22.35. That's more than double where it closed on Jan. 10, the day before Bloomberg first reported that the special purpose acquisition company (SPAC) was in talks to take Lucid public in a deal that valued the electric luxury car company at up to $15 billion.