Shares of blank check company Churchill Capital IV (NYSE:CCIV) opened today at $23.64 and traded in the Range of $22.73 – $25.97. CCIV gained another 10% today as traders and investors continue to believe it will soon announce a merger with luxury electric-vehicle (EV) maker Lucid Motors. Since Jan 8th, CCIV has gained more than 150% and a merger could push the pps much higher.
Recently, the Financial Times reported that Lucid is in talks with Saudi Arabia’s sovereign wealth fund to build a new EV factory. The Saudi fund is already a major holder in Lucid after it invested more than $1 billion in 2018.
Recently, Robin Hood, the trading platform expanded its restrictions from the top names to a broad group of popular stocks. The new list goes from just GameStop and AMC Entertainment to Workhorse and even Churchill Capital IV (NASDAQ:CCIV), which many think will take Lucid Motors public.
