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Churchill Capital IV CCIV shares are trading higher Tuesday amid investor M&A speculation. The stock has been rumored to merge with electric vehicle company Lucid Motors.
The deal could value Lucid Motors at $15 billion. Lucid Motors is backed by Saudi Arabia’s sovereign wealth fund.
Churchill Capital IV, the blank-check company in question, is the fourth such SPAC from Klein.
Churchill Capital IV shares were trading up 31.72% at $33.26. The stock has a 52-week high of $35.18 and a 52-week low of $9.60.
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