I've had the time to review this fireside chat with CEO Michael Klein and I think its great background information and slightly increases the odds they are working with Lucid because of a key moment where he is asked about investing in pre-revenue companies that are all the rage like electric vehicles and space exploration. It would be extremely unusual for a company to be able to announce a SPAC merger and be public by April if it hadn't announced it in January. If they want to go public by April, an announcement would likely be imminent even for a SPAC. I think it's too late if they wanted an IPO. Now he's saying Lucid informed employees they're going public by April in an all-hands meet and they didn't want to comment on the path they would take. He has since followed that up on January 15: The first one he talked about an all-hands meeting at Lucid on Friday. So, I do like to check in and just look at everything with healthy skepticism.Īlex Cutler posted two tweets that he sourced originally. The thing is if you wait for the confirmation in the WSJ, you're usually too late. There are also a lot of false rumors, jokes, and lies, so be careful. There are a lot of people sharing due-diligence through places like Twitter and Reddit. I viewed that report as an important negative consideration. I don't want to downplay the David Faber reporting that the deal was definitely not final Churchill Capital IV deal with Lucid Motors may not happen, CNBC Says. If there's no news I'd expect the shares to slowly decline. But I also believe it will fall back to ~$13 and possibly below if there's no deal. With the shares at $18, I believe CCIV will surge upwards if a deal with Lucid is confirmed.
Now I have enough to talk about that I think it's worth updating my previous article Why I'm Riding The Lucid Rumor With Churchill Capital IV - A position based on a Bloomberg rumor about this deal. Over the last week, I've updated my thoughts on the Churchill Capital IV ( CCIV) and Lucid Motors ( LUCIDM) situation several times.
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