The market cap of the New York-based special purpose acquisition company (SPAC) has dropped by more than $7 billion since the merger plans were announced late on Monday. Source: https://www.bizjournals.com/sanjose/news/2021/02/25/lucid-spac-partners-value-cut-in-half.html?ana=brss_2152
Lucid Motors SPAC partner’s value cut in half after merger announcement
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