Want to buy a piece of the pie?
It's been a topic of conversation for quite some time and the big day will supposedly happen this coming week. Lucid Motors has announced that the Special Purpose Acquisition Company (SPAC) merger between it and Churchill Capital Corp IV has been approved by stockholders.
Beginning sometime this week, Lucid Motors will begin trading on the NASDAQ under the ticker symbol "LCID." The EV automaker start-up announced last February its plans to go public sometime in the second half of this year. It's remained true to its word. The deal is expected to give Lucid a cash injection of about $4.4 billion. The money will be invested to expand its Arizona factory so that the Lucid Air luxury sedan can finally come to market. The Lucid Gravity SUV could debut sometime in 2022.