Why Churchill Capital IV Jumped Another 18% Today

Shares of Churchill Capital IV (NYSE: CCIV.U) have surged this week as rumors swirled that the special purpose acquisition company (SPAC) is in talks to merge with luxury electric vehicle (EV) maker Lucid Motors.

Today, shares jumped another 18% as more evidence emerged suggesting the rumors are true. 

The Lucid Motors website is now listing job vacancies including director of investing relations, SEC reporting manager, and analyst, investor relations. While no company announcement has been made, the job postings suggest Lucid Motors is closer to plans for becoming a public company. 

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Source Fool.com