It's Official: Lucid Motors Closes SPAC Deal and Debuts as "LCID" on Monday

·3 min read
It's Official: Lucid Motors Closes SPAC Deal and Debuts as "LCID" on Monday

Following some last-minute drama, Churchill Capital IV (NYSE: CCIV) and Lucid Motors officially closed their merger on Friday. With the combination complete, the ticker symbol will change and start trading under "LCID" on Monday morning, just a day later than previously expected. Churchill Capital IV, the special-purpose acquisition company (SPAC) taking the nascent electric vehicle (EV) maker public, held its special shareholder meeting on Thursday but faced a minor setback.

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