CCIV
Churchill Capital Corp IV (ticker: CCIV) was a special purpose acquisition company, or SPAC, formed in 2020 and sponsored by investor Michael Klein’s Churchill Capital Corp IV. Like other SPACs, it raised funds through an initial public offering with the purpose of merging with or acquiring a private company, enabling that company to become publicly traded without a traditional IPO.
In February 2021, CCIV announced a merger with Lucid Motors, an electric-vehicle manufacturer backed in part
The merger was completed in July 2021. Following the closing, Churchill Capital Corp IV ceased to exist
Lucid Group, the post-merger company, focuses on electric vehicles, with models such as the Lucid Air and