Watch: $CCIV + Lucid Motors Could be a 10X Opportunity — But Beware the Rumor Hypers
In this video Lincoln discusses the prospects and dangers of the Churchill Capital Corp IV ($CCIV) SPAC and Lucid Motors merger rumors.
“Electric vehicle maker Lucid Motors Inc. is in talks to go public through a merger with one of Michael Klein’s special purpose acquisition companies, according to people familiar with the matter. A transaction could be valued at up to $15 billion, the people said, asking not to be identified because the matter is private. Lucid, which is backed by Saudi Arabia’s sovereign wealth fund, is working with financial advisers, the people added. The talks are ongoing but could still fall apart.”
And Bloomberg’s Matthew Martin goes on to say: “A former Citigroup Inc. rainmaker, Klein has two SPACs that are on the hunt for deals. Churchill Capital Corp IV — the largest one, having raised more than $2 billion last year — is the vehicle considering a deal with Lucid, some of the people said.”
Lucid Motors’ Target Market
The Bloomberg reporter goes on to say the following about Lucid Motors:
“Lucid targets the luxury end of…
