Photo: Lucid Lucid shareholders approve SPAC merger to enter Nasdaq
While the details of the 2021 Air deliveries remain hazy, shareholders have a clear view of the automaker’s financial future as a publicly traded company.
Mere days after the merger was initially confirmed, Lucid announced a delay to the flagship Dream Edition trim of the Air sedan, which was originally scheduled to begin deliveries this past spring. Lucid shared it would eventually enter the Nasdaq and receive an approximate cash injection of $4.4 billion to accelerate its production of the Lucid Air and the development of future EVs like the Gravity SUV. If you don’t know by now, Lucid Motors is a luxury EV automaker on the cusp of delivering its first sedan, the Air, “sometime in the second half of 2021.”Īfter months of rumor and speculation surrounding a potential SPAC merger, Lucid announced it would go public last February, as part of a business combination with Churchill Capital Corp IV ( $CCIV).
The closing of this long-anticipated merger is expected to close later today, and Lucid Motors is expected to trade on Nasdaq next week under the ticker symbol “LCID.” All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.įusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.After days of both sides rallying stockholders to exercise their vote, the SPAC merger between Lucid Motors and Churchill Capital Corp IV (CCIV) has been approved. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
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