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.
CCIV LUCID MERGER 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). Do this now.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). It doesn’t matter if you have $500 in savings or $5 million. Why Everyone Is Investing in 5G All WRONG Mark Hake writes about personal finance on and runs the Total Yield Value Guide which you can review here. Hake held a long position in Tesla (TSLA) stock. Either way, using an average estimate, including a 15% compounded discount rate on revenue, expect to see CCIV stock (LCID stock post-merger) hit $27.45 sometime in the next two years. That is also a good return for most investors. In fact, even if it took two years for that price to happen, the return is still 15.59% annually on a compounded basis. That is still a very good potential return for most investors. The stock could end up trading anywhere between these two valuations, but the average is $27.45, or one-third higher. The bottom line here is that I have shown that CCIV stock is worth somewhere between $19.49 and $35.41 per share. So, despite what you hear about some SPACs being too speculative to invest in, this is a real company. It is a real company with real prospects and definite production. There’s no bull with this special purpose acquisition corporation (SPAC) merger. What’s more, management has now clearly said once again this past week that they expect to begin producing electric vehicles (EVs) by the second half of 2021.
Casa Grande has very low prices for land and homes right now. I suspect they built there since this it’s one of the fastest-growing areas in Arizona. It takes less than an hour to get to and from Phoenix. Everyone stops in Casa Grande on the way to Tucson, and vice versa. It is in a highway town called Casa Grande (“Big House”) just off of I-10 that connects Phoenix and Tucson, the two largest Arizona cities. After all, I live in Arizona where the first Lucid factory has been built (just south of Phoenix). But first, I want you to know, that I have more than a passing interest in this situation.
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