Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

This SPAC Could Be The Next Tesla

TheMotleyFool

0 0

Churchill Capital IV (NYSE: CCIV.U) (NYSE: CCIV) started off the week like most special-purpose acquisition companies (SPACs) that have yet to announce a target company to merge with: Trading around $10 per share. As a reminder, SPACs are just piles of money sitting in a trust account and the vast majority of them are priced so that the net asset value (NAV) of each share is $10. But then Bloomberg dropped a bombshell: Churchill Capital IV is in talks to merge with Lucid Motors, which many investors have called the next Tesla (NASDAQ: TSLA).

Here's what SPAC-ulative investors need to know.

Lucid Air. Image source: Lucid Motors.

Source Fool.com

Like: 0

CCIV.U

Share