Lucid Motors to Go Public in Merger with Churchill Capital Corp IV with $24B valuation

Luxury electric vehicle start-up Lucid Motors and Churchill Capital Corp IV (CCIV) have entered into a definitive merger agreement. CCIV and Lucid are combining at a transaction equity value of $11.75 billion. The transaction values Lucid at an initial pro-forma equity value of approximately $24 billion at the PIPE offer price of $15.00 per share […]