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5/3/2021 11:13:01 AM GMT | By Stocks Reporter NYSE:CCIV dipped by 4.44% on Friday to close out another rough week for SPAC stocks. The SEC is mulling over stricter guidelines for SPAC mergers to protect investors. Lucid has plans to release its Air Pure sedan to consumers by 2023. NYSE:CCIV has remained one of the higher price SPAC stocks on the market, as anticipation still lingers for its impending merger with Lucid Motors. To close out the week on Friday, CCIV fell another 4.44% to close the trading day at $21.09. Shares of CCIV started the week off with a bang when rumors began to swirl about a possible connection between Lucid Motors and tech giant Apple (NASDAQ:AAPL) who has been managing expectations of its own electric vehicle plans, nicknamed Project Titan. A merger date between Lucid and CCIV still has not been established although many suspect that it will be announced at some point in the second quarter of 2021.

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