#LUCID CCIV HOW TO#

There are 2 ways that you can invest in Lucid Motors. Lucid Motors will need to mitigate high expectations with solidified EV market competitors if it wants to see another spike in share prices following the merger. It’s also possible that hype for the merger, which has been building for months, resulted in an initial overinflation on the stock’s announcement day.Īlthough excitement for Lucid Motors and its future model debuts are high-with some calling it the Tesla Killer-it’s important to remember that the company has yet to release a nonprototype version of any of its vehicles to the public. Investors speculate that this might not necessarily mean that Lucid Motors’ IPO will go poorly. However, this wasn’t the case with Lucid Motors - after an initial spike in value, the price of CCIV plummeted from about $60 per share to less than $27 per share. It’s normal for the price of a SPAC to jump after the announcement of a new partnership. CCIV shares spiked on the days following the announcement before retracing to previous levels. The deal was valued at an estimated $11.75 billion. In February 2021, Lucid Motors announced that it had agreed to merge with SPAC Churchill Capital Corp in order to pursue a publicly traded listing. Shares have since dropped back to preannouncement ranges. Shares of SPAC Churchill Capital Corp IV, the company merging with Lucid Motors, spiked to a high price of more than $60 per share following the announcement. As of this writing, the Lucid Air remains in development with plans for a commercial launch slated for later this year. Initial projections found that the Lucid Air, an electric 4-door executive car, had an estimated range of more than 500 miles on 1 single charge. This investment was announced after the company began testing and engineering the final elements of its 1st vehicle, the Lucid Air. In November 2019, Lucid Motors received another investment from the Public Investment Fund of Saudi Arabia valued at $1 billion. In November 2016, the company began development of its first manufacturing plant, which was estimated to be valued at about $700 million and employ more than 2,000 workers by the year 2020. Lucid Motors (then operating under the name “Atieva”) received multiple rounds of funding from companies like Tsing Capital and Mitsui, equaling about $131 million in funding by 2016. Lucid Motors Financial Historyįounded in 2007, Lucid Motors is a luxury electric vehicle manufacturing and development company. You may already own CCIV stock or wish to increase your position before the merger so that you can pay today’s prices instead of an inflated price at the time of the merger. The Lucid Motors stock symbol will become the call sign for the merged firms.

Keep in mind that the price of these shares may fall between the date that you purchase them and the transition to Lucid Motors (LCID) stock. When the merger is complete, these shares will merge into shares of Lucid Motors.

Anyone who wanted to invest in Lucid Motors ahead of time needed to purchase shares CCIV. The stock did begin trading on July 26th, 2021 even though reports stated differently. Lucid Motors and Churchill Capital set their merger date for July 23rd, 2021.

#LUCID CCIV HOW TO#

Our guide for beginner investors will help you understand how you can invest in Lucid Motors now and in the future, how to open a brokerage account and how you can place your first buy order if you do decide to invest in this luxury electric vehicle manufacturer. If you’re still learning how to trade stocks, understanding how to participate in an IPO merger can be difficult. Churchill Capital Corp IV had previously surged almost 600% surrounded by all the hype around the merger. That is a low amount considering all the hype and mainstream coverage it got during the last months. The stock jumped around 10% on the opening day of the SPAC merger. Lucid Motors began trading on July 26th, 2021. Following the merger, Churchill Capital Corp will transfer its collective fundraising profits to Lucid Motors, allowing the company to begin trading on the stock market without completing all of the sponsorship requirements of traditional initial public offerings (IPOs). Lucid Motors, one of the most valuable electric vehicle (EV) technology manufacturers behind Tesla (NASDAQ: TSLA), recently just merged with Churchill Capital Corp IV (NYSE: CCIV), a special purpose acquisition company ( SPAC).

Lucid cciv