The savior was Saudi Arabia. Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger deal to take the California-based EV company public. CCIV Stock: One Lucid Merger Tweet Has Churchill Capital Moving Higher Lucid Motors' CEO provided an update in a letter By William White , InvestorPlace Writer … The latest twist has us wondering if Lucid will merge with Michael Klein–led SPAC Churchill Capital IV (CCIV) or a Chamath Palihapitiya–led SPAC. Probably one of the most speculated SPAC stories in recent years the anticipation over the CCIV Lucid merger had reached fever pitch amongst retail investors. Lucid Chief Executive Officer Peter Rawlinson told Bloomberg, “I see the SPAC as just a tool, another lever to pull on, where we can accelerate our trajectory. The CCIV-Lucid merger talks remain uncertain with both sides quiet on the progress, but another Churchill Capital SPAC stock is coming. After a 38% plunge, Lucid's CCIV merger values the revenue-free company at $57 billion. Lucid Motors (CCIV) and Proterra (ACTC) are the latest electric vehicle companies looking to go public as there’s currently a gold rush in the space. CCIV's stock price has risen rapidly since the Bloomberg report on 1/11/21 of CCIV being in talks to merge with Lucid Motors. Revenues will ramp from $97 million in 2021 to nearly $23.8 billion in 2026 — a 198% compound annual growth rate. 2021 InvestorPlace Media, LLC. It’s Not a Good Time to Buy Churchill Capital, How CCIV Stock’s 50% Plunge Shows the Perils and Profits of SPAC Investing, CCIV Stock’s SPAC Circus Is Just Background Noise, The Best Stocks to Buy During the Market-Wide Selloff, Redditors, Ryan Cohen Needs Your Help to Send GME Stock Back to $500. Churchill Lucid merger confirmed by multiple sources, Reuters reports $24 billion deal. The desert kingdom’s sovereign wealth … Churchill Capital (NYSE:CCIV) stock is soaring higher on Friday following a Tweet from Lucid Motors about the upcoming special purpose acquisition company (SPAC) merger. Wij willen hier een beschrijving geven, maar de site die u nu bekijkt staat dit niet toe. Lucid’s financial projections are exhibit A in this argument — but are they realistic? Here’s the thing, investors have been pushing up CCIV’s share price far higher than its original $10 per share over the past few weeks. Anonymous: ... Twitter/stock twits/ Barrons/ WSJ? Opinions expressed by Forbes Contributors are their own. . Lucid Motors to Go Public With Churchill Capital IV Merger The deal that's been subject to speculation and rumors for the past month is finally announced. Want to learn how to 5X, 10X, even 20X your stock gains? Lucid’s growth doesn’t only exist in word of mouth. 1125 N. Charles St, Baltimore, MD 21201. Copyright © (I have no financial interest in the securities mentioned). Peter Cohan. CCIV Stock: 10 Things You Need to Know About the Lucid Motors SPAC Merger Feb. 23, 2021 at 8:37 a.m. What could possibly justify such a high price? Meanwhile, Lucid expects to generate positive earnings before interest and taxes (EBIT) in 2025. Twitter; 42 ° Sunny . Lucid Motors and Churchill Capital IV confirmed a merger deal to take the California-based EV company public.Shares of Churchill Capital tanked as much as 27% after the news was announced on Monday evening. Here's What I'm Excited About -- and What I'm Afraid Of. Churchill Capital has been in the news quite a bit lately as the Lucid Motors merger news continues. Lucid Air. The $24 Billion Valuation Already Looks Low. Lucid has a large amount of cash from the Saudi Arabia Sovereign Fund investment. All Rights Reserved, This is a BETA experience. Copyright © 2021 InvestorPlace Media, LLC. What is Market Insider? CCIV stock has become a major talking point on Stocktwits. Tesla gets this. Churchill Capital (NYSE: CCIV) stock is soaring higher on Friday following a Tweet from Lucid … The PIPE sold for a 50% premium to CCIV’s net asset value “which translates into about $24 billion in pro-forma equity value” noted Bloomberg. 1125 N. Charles St, Baltimore, MD 21201. Putting an end to the rumors, Lucid Motors is merging with Churchill Capital IV (CCIV) valuing the revenue free electric vehicle company at $24 billion. Lucid said that this gives the company an implied pro forma equity value of $24 billion. Just some more promises to build new luxury electric vehicles (EVs). Source: Lucid Motors Facebook Institutional Investors Are Accumulating CCIV Stock Amid Lucid Rumors By Ruchi Gupta. Robinhood Lifts CCIV Restriction PLUS Leaked Info on Twitter! What Makes Roku Stock A Good Bet Despite A Massive 6.5x Rise In One Year? Lucid Motors and the SPAC Churchill Capital Corp. IV (CCIV) may announce a merger agreement by the coming Tuesday (23rd of February 2021) This is a technology race. American luxury electric vehicle (EV) maker Lucid Motors has agreed to go public by merging with blank-cheque firm Churchill Capital IV Corp (CCIV) in … That would only depend on how much money Churchill Capital Corp IV is able to make in a deal that means to raise more than $1 billion. Earlier this week, we proudly announced our merger with Churchill Capital Corp IV that would result in our becoming a public company and help bolster our mission to usher in a new era of luxury electric. Should The Rally Continue In Alaska Air Group Stock. We believe it’s good for Lucid, our customers, and of course the planet.”. However, it links off to a statement from company CEO Peter Rawlinson. “This remarkable union provides us the resources to grow and focus on elevating the EV industry. I began following stocks in 1981 when I was in, I ditched corporate America in 1994 and started a management consulting and venture capital firm (http://petercohan.com). Lucid was founded in 2007 as Atieva by former Tesla TSLA executive Bernard Tse and entrepreneur Sam Weng. #LucidAir #DreamAhead, Read more: https://t.co/EAU9a8mAGd pic.twitter.com/wGE3iOrm5w, — Lucid Motors (@LucidMotors) February 25, 2021. It’s why they are so valuable and Lucid also has the technology.”. 0. Pocatello ... CCIV, Lucid and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be … CCIV and Lucid are combining at a transaction equity value of $11.75 billion. All rights reserved. Lucid is aiming at the luxury car market which is huge and growing. Lucid Motors and Churchill Capital IV confirmed a merger deal to take the California-based EV company public.Shares of Churchill Capital tanked as much as 27% after the news was announced on Monday evening. I Bought Into the Lucid Motors Hype Early. Investors can catch up on CCIV with the following articles from InvestorPlace. The stock's after-hours performance is a reversal from previous sessions when it rallied over reports of nearing a deal. Michael Klein’s Churchill Capital Corp. IV, the SPAC loved by Redditors and electric-car fans, is at the center of the stock market’s latest bout of speculative mania. CCIV Stock: 10 Things You Need to Know About the Lucid Motors SPAC Merger Feb. 23, 2021 at 8:37 a.m. NEWARK, Calif. and NEW YORK, Feb. 23, 2021 /PRNewswire/ -- Lucid Motors, which is setting new standards for sustainable mobility with its advanced luxury EVs, and Churchill Capital Corp IV Social Capital Hedosophia (NYSE: IPOF) stock is on the move on Tuesday after several Twitter and Stocktwits accounts noted that Lucid Motors will merge with Chamath Palihapitiya’s special-purpose acquisition company, instead of Churchill Capital Corp IV (NYSE: CCIV). Once the deal is consummated, Lucid could be worth far more. I Bought Into the Lucid Motors Hype Early. Due to the novel coronavirus, production has been delayed. CCIV and Lucid are combining at a transaction equity value of $11.75 billion. Follow me on Twitter. I appeared eight times in the 2016 documentary: "We The People: The Market Basket Effect." I became a Forbes contributor in April 2011. 2 By the time I was able to log in on Monday, it was already ... Twitter/stock twits/ Barrons/ WSJ? – Now What?! Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger deal to take the California-based EV company public. Many critics say that CCIV is now very over-priced. Personally, the only risk I see here is that CCIV may not merge with Lucid (if … Almost Everyone Is Online: But Most Of The Money Isn’t, This Isn’t Your Father’s Overvalued Market. Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger deal to take the California-based EV company public. 01/23/2021 21:55 Subject: CCIV and Lucid . Lucid, founded in 2007 as Atieva by former Tesla executive Bernard Tse and entrepreneur Sam Weng, makes luxury electric vehicles. "CCIV and Lucid are combining at a transaction equity value of $11.75 billion. Subject: CCIV and Lucid . On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Churchill Capital Corp. IV retail investors stung by the steep drop following the Lucid Motors deal are banding together on Reddit to 'defend' the stock Will Daniel Feb. 26, 2021, 08:09 PM quotes delayed at least 15 minutes, all others at least 20 minutes. Read more opinion Follow @chrismbryant on Twitter ... CCIV has become one of the most discussed stocks on investor forums such as Stocktwits and a 17,000-member subreddit. CCIV stock was up 7.3% as of Friday morning. ET on InvestorPlace.com With the Lucid Motors Merger Confirmed, CCIV Stock Is … Can BeiGene Stock Rebound After A 10% Drop? . Though a fall in implied volatility will help new entrants, the CCIV/Lucid deal’s merger risk means you can now lose a lot of money. Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger deal to take the California-based EV company public. Lucid said that this gives the company an implied pro forma equity value of $24 billion. They need more to speed up production and other operations, and to build a new factory in Saudi Arabia (not confirmed yet). ET Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Here’s the thing, investors have been pushing up CCIV’s share price far higher than its original $10 per share over the past few weeks. Its investor presentation breaks this down into three key pieces: Lucid also describes its executive team, patents, showroom and service center plans, new models it will introduce over time, and other sources of potential revenue — such as using its batteries to power homes and utilities — in its investor presentation. Churchill Capital IV (CCIV) Releases Statement on Lucid Motors Rumor Jan 19, 2021 INTEL by Nicholas Alan Clayton Churchill Capital Corporation IV released a statement saying something while also saying nothing about its rumored deal to combine with electric vehicle (EV) manufacturer Lucid … Churchill Capital (NYSE:CCIV) stock is soaring higher on Friday following a Tweet from Lucid Motors about the upcoming special purpose acquisition company (SPAC) merger. Anonymous: Anonymous wrote:Anyone jumping in on CCIV rumored to be the SPAC for Lucid to go public? What Did the Stock Market Do Today? Reuters says that Lucid’s plans to go public with the Churchill Capital Corp IV SPAC will probably make it hit the market with a $12 billion market cap. Anonymous: If Lucid can deliver on its ambitious projections — 198% average annual revenue growth to $22.8 billion in 2026, according to its investor presentation — buying CCIV stock may be a risk worth taking. It was funded initially by Chinese and Silicon Valley venture investors, with additional funding from backers like state-owned Chinese auto maker BAIC Motor and Chinese technology company LeEco. ET, though coming off their session lows. The merger … InvestorPlace - Stock Market News, Stock Advice & Trading Tips. How so? Missed it. Its forecast envisions negative EBIT of about $1.5 billion diminishing steadily until Lucid generates EBIT of $637 million in 2025 and nearly $1.8 billion in 2026. While CCIV stock is rallying now on hopes of a Lucid deal, it could soon fall if investors don't get news of a merger soon. Rawlinson also provides an update on the company’s ongoing development of its Lucid Air EV. Lucid’s growth doesn’t only exist in word of mouth. Wij willen hier een beschrijving geven, maar de site die u nu bekijkt staat dit niet toe. After a 38% plunge, Lucid's CCIV merger values the revenue-free company at $57 billion. HCMC Stock: Why Healthier Choices Is Falling 25% Today, OCGN Stock: 2 Big Reasons Ocugen Shares Are Soaring Today, Cardano Is Set to Outpace Even the Fastest-Moving Crypto Coins. Before the deal was announced, Lucid was valued at $92 billion based on 1.6 billion shares that will be outstanding after the merger closes in the second quarter of 2021. CCIV shares fell 36% in pre-market trading on Tuesday, though that still implies a valuation of almost $60 billion for Lucid, higher than Ford Motor Co.’s. You may opt-out by. The stock is down over 50% in a two-day slide as investors weigh valuation concerns. Initially, Stocktwits investors debated what a deal with Lucid Motors could mean for CCIV stock. So we’ve all been hoping for 12 billion valuation, came out to 11.75b (which is great), but rather than get just 1b from pipe investor, they got 2.5b from pipe investor (pipe investor paid 2.5b for shares @ $15/share), giving lucid another 1.5b in cash just from the pipe (giving lucid a … by Lucid Motors Inc. on Wednesday, Dec. 14, 2016, in Fremont, Calif. (Aric Crabb/Bay Area News Group) (Photo by MediaNews Group/Bay Area News via Getty Images), Bio-Rad’s Non-Operating Income Overstates GAAP Net Income. ... You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com. CCIV Stock: One Lucid Merger Tweet Has Churchill Capital Moving Higher, Churchill Capital Bulls and Bears May Each Have Their Patience Rewarded, Schedule a Rain Check On Your Churchill Capital Roadtrip. Sadly, after shares plunged 38% in pre-market trading, Lucid’s value is a mere $57 billion. Chief Technology Officer Peter Rawlinson, takes part in a press event for the new "air" electric car ... [+] by Lucid Motors Inc. on Wednesday, Dec. 14, 2016, in Fremont, Calif. (Aric Crabb/Bay Area News Group) (Photo by MediaNews Group/Bay Area News via Getty Images).