CCIV - Lucid Motors-Churchill SPAC deal could be announced soon at $15B valuation

Lucid Motors (LUCIDM) is close to striking a deal to go public through a merger with blank-check company Churchill Capital IV (CCIV), sources tell Bloomberg.The new report builds on a Reuters article from February 16, but with a valuation level cited at up to $15B vs. the $12B cited just a few days ago.The special purpose acquisition company has reportedly been in talks to raise between $1B and $1.5B in funding from institutional investors to support the SPAC transaction.A deal for the electric vehicle maker could be announced as early as Tuesday.Read more on the EV theme: Massive electric vehicle disruption to test investors.

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Lucid Motors-Churchill SPAC deal could be announced soon at $15B valuation