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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