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Lucid motors is going public before it starts selling evs lucid is going public to accelerate into the next phase of our growth as we work towards the launch of our new pure electric luxury. Lucid motors is going public before it starts selling evs a merger will value lucid motors at $11.75 billion and provide the startup with $4.4 billion in cash. The lucid air electric luxury sedan is scheduled to go on sale later this year, but first the ev startup will merge with an already nyse listed special purpose acquisition company so it can go public. the deal with churchill capital corp iv (cciv) will value the company at over $11 billion, and give it as much as $4.4 billion in cash. Image source: lucid motors. the air sedan will start at $69,900, after a $7,500 u.s. government tax credit. top line models (think $160,000) will have up to 517 miles of epa rated range and up to. Lucid motors is going public before it starts selling evs posted by: zach wilson 0 comment electric car , ev , gear , ipo , lucid , lucid air , lucid motors , news , spac the lucid air electric luxury sedan is scheduled to go on sale later this year, but first the ev startup will merge with an already nyse listed special purpose acquisition.

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Lucid motors is going to become a publicly traded company on the new york stock exchange in a deal that will leave the electric vehicle startup with $4.4 billion in cash. Newark, calif., and new york, ny, february 22, 2021 – lucid motors (“lucid”), which is setting new standards for sustainable mobility with its advanced luxury evs, and churchill capital corp iv (nyse: cciv) (“cciv” or “churchill”), a special purpose acquisition company, announced today that they have entered into a definitive merger agreement. Here’s why investors want to see lucid motors go public in 2021. electric automakers caught the eye of many investors in 2020 as tesla’s stock price skyrocketed to new heights. meanwhile, the largest automakers in the u.s. are pivoting to electric vehicles (evs) and this shift has many investors looking for the next big electric automaker.
Lucid Motors To Go Public Via Spac By Merging With Churchill Capital