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Churchill Capital IV

Churchill Capital IV

Churchill Capital is an investment capital firm that provides merger, capital stock exchange, asset acquisition, stock purchase and reorganization services.

Overview

Churchill Capital Corp IV is a blank checks investment special purpose acquisition company (SPAC) that provides merger, capital stock exchange, asset acquisition, stock purchase, and reorganization services. The company was founded in 2020 by Michael Klein and is headquartered in New York City, New York. Churchill Capital Corp IV is listed on the New York Stock Exchange under the ticker symbol CCIV.

Churchill Capital Corp IV was launched as a special purpose acquisition company in 2020 by M. Klein and Company, a precursor strategic advisory firm. The corporation is the fourth in a series of SPACs by M. Klein and Company, following Churchill Capital Corp I (CCC), II (CCX), and III (CCXX.U).

The corporation opened at $10.25 a share on September 18, 2020.CCIV sponsors Lucid Motors, a luxury motor company founded by a former Tesla executive Bernard Tse in 2007. The report raised CCIV's stock up 35% to a market capitalization of $15 billion USD.

Timeline

July 27, 2020
Churchill Capital IV was founded by Michael Klein.

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February 23, 2021
Shalini Nagarajan
February 23, 2021
markets.businessinsider.com
The deal will generate about $4.4 billion in cash for Tesla rival Lucid, which plans to use the funds to expand its manufacturing facility in Arizona.
Will Daniel
February 22, 2021
markets.businessinsider.com
Reports out of Bloomberg indicate a merger between Lucid Motors and Michael Klein's SPAC Churchill Capital Corp. IV could come as soon as Tuesday.

References

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