AOL

Lucid Motors confirms SPAC deal: CCIV stock down 25%

Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger deal to take the California-based EV company public. Shares of Churchill Capital were down around 25% at 10:45 a.m.
Law

Siding With Second Circuit, Appeals Court Finds SPAC Investors Can’t Sue Over Pre-Merger Misstatements

"At the time of [Lucid's] alleged misrepresentations, CCIV and Lucid were two entirely separate companies," the U.S. Court of Appeals for the Ninth Circuit held. "Lucid’s alleged misrepresentations ...
WRAL

Electric vehicle startup raises $4 billion in SPAC offering to compete against Tesla

Luxury electric vehicle startup Lucid Motors went public after a merger with "blank-check" firm Churchill Capital Corp IV, in the largest deal yet between a SPAC and an electric car company. The deal ...
Law

Siding With Second Circuit, Appeals Court Finds SPAC Investors Can't Sue Over Pre-Merger Misstatements

The U.S. Court of Appeals for the Ninth Circuit has become the second federal appeals court to hold that investors can't sue over alleged misstatements that an acquired company makes leading up to a ...