November 15, 2024 5:37 am
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Hints suggest Lucid Motors is going public

Photo courtesy of Lucid Motors

By Cromwell Schubarth | Silicon Valley Business Journal

The “blank check” company that’s reportedly eyeing Tesla Inc. rival Lucid Motors Inc. was forced to put out an official “no comment” Tuesday after trade was halted in its stock amid growing speculation and unusual trading activity.

Shares of New York-based Churchill Capital Corp. IV, which is led by former Citigroup Inc. banker Michael Klein, have jumped in value by about 50% (NYSE:CCIV) since a report last week that it is in talks to take Newark-based Lucid public in a reverse merger.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.