She and her analysts share their 2021 outlooks on the economy, Bitcoin, and Tesla. LCID Stock: Why Lucid Investors Need to Tesla rival Lucid Motors to go public Lucid Motors Is Going Public: A First PIF makes billions on its investment in. Churchill Capital Corp IV is a blank check company. IV ( CCIV) - Get Churchill Capital Corp IV Class A Report said its planned merger with electric vehicle startup Lucid Motors was set to close. Read more: Cathie Wood's ARK Invest runs 5 active ETFs that more than doubled in 2020. NEWARK, CA and NEW YORK, NY JLucid Motors (Lucid), which is setting new standards for sustainable mobility with its advanced luxury EVs, and Churchill Capital Corp IV (NYSE: CCIV), a special purpose acquisition company, announced today that Lucid’s management team will host an investor call on Tuesday, Jat 1:30 pm PT / 4:30 pm ET. The move by Lucid seems to be a logical step given the company's history with the Saudia Arabian fund.īack in 2018, a cash-strapped Lucid took in a reported $1.3 billion from the Saudis to keep operations running, an investment that was conditional on Lucid developing a production factory in Saudi Arabia, per Bloomberg. On February 22, 2021, Churchill Capital Corp IV (Churchill) entered into an Agreement and Plan of Merger (the Merger Agreement) by and among Churchill, Air Merger Sub, Inc., a Delaware corporation and direct, wholly owned subsidiary of Churchill (Merger Sub), and Atieva, Inc., d/b/a Lucid Motors, an exempted company incorporated with limited liability under the laws of the. The Financial Times spoke with the Saudi fund's governor, Yasir Al-Rumayyan, who confirmed reports out of Bloomberg earlier this month that said Lucid was thinking of making a new factory in the kingdom. And with The Financial Times reporting the EV manufacturer is in talks with the Public Investment Fund of Saudi Arabia to build an electric vehicle factory near the Red Sea city of Jeddah, shares of Churchill are on fire yet again. Despite the lack of certainty around the merger, hopes of a Lucid acquisition are pushing Churchill Capital Corp IV's stock higher. lucid motors stock forecast 2030 lucid motors stock forecast 2030 9, 2022. Join fitness trainer Adrienne Rabena for an advanced, 30-minute total-body barre workout that will leave you feeling strong In this routine, youll start with a plank warmup and work your way up to.
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