Churchill Capital VII logo

CVII.U - Churchill Capital VII News Story

$10.01 -0.1  -0.6%

Sector
Financials
Size
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6849

BUZZ-Churchill Capital IV jumps as Wall Street eyes Lucid Motors deal

Mon 22nd February, 2021 3:29pm
** Churchill Capital Corp IV  CCIV.N  shares jump as
confidence increases that Michael Klein-backed SPAC (special
purpose acquisition co) is nearing deal with luxury EV maker
Lucid Motors
    ** CCIV last up 12.0% at $59.31 after rising to as high as
$63.20 early Mon
    ** Bloomberg over the weekend reported deal valuing the two
cos up to $15 bln could be announced as soon as Tues, citing two
people familiar with the matter (http://bloom.bg/3dEOvvk)
    ** CCIV's stock surged 32% to $52.70 last Tues after Reuters
reported deal could be reached this month, and could be
supported by a PIPE (private investment in public equity) as
large as $1.5 bln  urn:newsml:reuters.com:*:nL8N2KM058
    ** Shares have more than quadruped since Bloomberg first
reported last month CCIV was in talks to take Lucid public
    ** CCIV raised $2 bln in its July 2020 IPO

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))

Recent news on Churchill Capital VII

See all news
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.