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Lucid Motors Is Said to Near Deal to List Via Klein's SPAC


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.
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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, pared a gain of as much as 19% to trade 12% higher at $59.39 at 10:19 a.m. Monday in New York. ....

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