CCIV Stock: Lucid Motors SPAC Merger Rumors Send Churchill Capital Climbing Again CCIV fans have new reason to believe a Lucid Motors merger is around the corner By Sarah Smith, InvestorPlace Web Content Producer Jan 22, 2021, 10:56 am EDT January 22, 2021
Churchill Capital IV (NYSE:
CCIV). There is still no confirmation of a Lucid Motors SPAC merger, but that is not stopping CCIV stock bulls. Shares are up another 3% today, leaving many to wonder what exactly is behind the rally.
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For those unfamiliar, here is a quick recap.
Bloomberg announced that electric vehicle maker Lucid Motors was in talks to come public through Churchill Capital, a blank-check company led by Michael Klein. Investors immediately celebrated, buying into CCIV stock. One of the perks in a potential deal is that Lucid is rather far along in its electric car plans. In fact, the company plans to begin deliveries
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On March 2, 2021, the United States Court of Appeals for the Ninth Circuit will hear oral argument in a case that could test the boundaries of mandatory arbitration, and determine whether employees can be tethered to arbitration agreements for years after leaving a company.
The potentially precedent-setting decision stems from a single defamation suit brought by former Tesla, Inc. employee Cristina Balan after the tech giant accused her of criminal behavior on the online news source, The Huffington Post.
1 While Tesla’s legal team maintains that all of Balan’s claims must be arbitrated, the U.S. District Court in Seattle disagreed, finding that some of Tesla’s statements to The Huffington Post fell outside the arbitration agreement with its former employee.
A day after telling Russ Mitchell that 'history will decide who is responsible' for the Capitol riot, Gov. Mike DeWine sharply criticized President Trump.