CCIV - Churchill Capital IV soars on confidence in SPAC deal with Lucid Motors

Churchill Capital Corp IV (CCIV) rallies in early trading after Reuters reported over the weekend that a SPAC deal announcement with Lucid Motors (LUCIDM) could arrive as early as tomorrow. The buzz over Lucid is partially over its upcoming electric vehicle, which is projected to have a max range of 517 miles, generate 1080 horsepower and list at $69,900. Shares of Churchill Capital are up 13.41% premarket to $60.04. The trading high for CCIV is $64.86 While Reuters tips the SPAC-created company could be valued at $15B, Seeking Alpha author Long Term Tips thinks it may be smart to see the full deal details before buying the SPAC.

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Churchill Capital IV soars on confidence in SPAC deal with Lucid Motors