November 22, 2024 8:37 am
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Lucid Motors set to complete merger after deal approved

By Cromwell Schubarth | Phoenix Business Journal

Lucid Motors Inc. is set to become a public company after shareholders of the blank check company it is merging with approved the deal on Friday.

The merger was delayed after the companies failed to get enough votes at a shareholder meeting on Thursday. But after appeals made by leaders of Newark, California-based Lucid and special purpose acquisition company Churchill Capital Corp. IV on Thursday, they got the votes they needed from investors to complete their $32 billion deal. 

Read the full subscription story from the Phoenix Business Journal.

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