Why Churchill Capital IV Is Rising Today
On Friday, Churchill Capital IV (NYSE: CCIV) was having a good day for a business that will soon cease to exist. The special purpose acquisition company's (SPAC) shares were up 4% in mid-afternoon trading following a crucial shareholder vote.
Churchill will shortly merge with Lucid Motors, bringing the electric vehicle (EV) maker to the stock exchange as a publicly traded company. After Churchill extended the deadline for a shareholder vote, investors on Friday morning approved all seven proposals required to effect the merger.
Image source: Lucid Motors.
Source Fool.com
