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Print Lucid Motors Inc. is merging with a blank-check company run by financier Michael Klein that values the combined entity at a pro-forma equity value of $24 billion, the biggest in a series of deals involving electric-vehicle start-ups cashing in on investor appetite for battery-powered cars. The electric car maker has shied away from comparisons to market leader Tesla Inc., but the public listing positions it to compete for a slice of what’s expected to become a rapidly growing market for EVs. The deal will generate about $4.4 billion in cash for the 14-year-old company, which plans to ...

Lucid Motors Is Said to Near Deal to List Via Klein’s SPAC Bloomberg 2/22/2021 Crystal Tse, Ed Ludlow and Dinesh Nair (Bloomberg) -- Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein that could be announced early this week, according to people familiar with the matter. Popular Searches The combined entity will be valued at as much as $15 billion, the people said, asking not to be identified because the matter is private. Churchill Capital Corp IV, the special purpose acquisition company, ...

Lucid Motors said to near deal to go public via Klein’s SPAC Lucid AirPremium . Updated: 21 Feb 2021, 10:19 AM IST Bloomberg Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein that could be announced early next week, according to people familiar with the matter Share Via Read Full Story Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein that could be announced early next week, according to people familiar with the matter....

St. Johns County records 3 highest days of COVID-19 cases this week Updated:  Tags:  ST. AUGUSTINE, Fla. – Including Friday, the last three days have marked the three highest single-day increases of COVID-19 cases reported in St. Johns County. Despite the pandemic, the Nights of Lights event in St. Augustine brought out hundreds of people Friday night. Some choose not to wear a mask inside the square. “It’s a little disappointing to see not everyone follows that,” said Antonio Miragaya, who attended the event. The Nation’s Oldest City is keeping the tradition alive despite the ris...