Lucid Motors and the SPAC Churchill Capital Corp. IV (CCIV) May Announce a Merger Agreement by the 23rd of February – the Deal May Value the EV Company at $15 Billion or More Feb 21, 2021 05:42 EST
Lucid Motors, the manufacturer of the ultra-luxury Lucid Air electric vehicle, seems to be entering the home stretch when it comes to its ongoing merger negotiations with the Special Purpose Acquisition Company (SPAC) Churchill Capital Corp. IV (NYSE:CCIV).
According to a fresh Bloomberg report, a merger DA between Lucid Motors and Churchill Capital may materialize by the coming Tuesday – 23rd of February 2021. Crucially, Bloomberg asserts that the deal would value Lucid Motors at $15 billion.
Lucid Shares Rare Glimpse of Proprietary 113-kWh Battery Pack Module Arrangement 19 Feb 2021, 12:50 UTC ·
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In case you didn’t know, February 18 has an interesting celebration attached to it because it’s America’s National Battery Day. Not necessarily related to the automotive world, this is being observed each year to bring honor to the convenience brought upon our everyday lives by the humble batteries. Of course, with the electric revolution looming, automakers are also taking advantage of the celebration. 34 photos
Pop quiz – can you find an instance in our life when batteries are not around? We tried and didn’t find one since we’re inseparable from our battery-equipped smartphones every day (and night). And don’t say those living off the grid don’t use them because they probably have at least one battery-operated device with them, be it a flashlight, a radio, or even a humble watch.
Feb 12, 2021 06:22 EST
Lucid Motors continues to be the center of attention in the SPAC world as the luxury EV manufacturer’s merger talks with the SPAC Churchill Capital Corp. IV (NYSE:CCIV) continue. Now, an update on the Bloomberg terminal has unleashed a fresh new wave of buying in Churchill Capital shares.
As per the Bloomberg terminal, a consortium of investors, led by the VC firm Venrock Associates, is negotiating a sale of its Lucid stake to Churchill Capital. Readers should note that Venrock Associates is one of the oldest investors in Lucid Motors, having participated in the company’s Series B financing in 2009. In that round, Lucid Motors – known as Atieva back then – raised $7.1 million from Venrock, the China Environment Fund, etc.
Электростартап Lucid построит завод недалеко от Джидды в Саудовской Аравии internetua.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internetua.com Daily Mail and Mail on Sunday newspapers.