The Newark-based company’s deal is the biggest in a series of SPAC mergers inspired by the huge run-up in valuation of electric car leader Tesla Inc. to nearly $690 billion. Source: https://www.bizjournals.com/sanfrancisco/news/2021/02/22/lucid-motors-getting-44b-by-going-public-via-spa.html?ana=brss_2152
It’s official: Lucid Motors announces merger with SPAC Churchill Capital Corp IV that will value it at $24B
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