Images, posts & videos related to "Churchill Capital Corp Iv"
https://www.prnewswire.com/news-releases/lucid-motors-to-go-public-in-merger-with-churchill-capital-corp-iv-bolstering-lucids-vision-to-redefine-luxury-performance-and-efficiency-in-the-sustainable-electric-vehicle-market-301232846.html
Investor presentation: https://www.lucidmotors.com/files/lucid-investor-deck-february-2021.pdf
My valuation analysis: https://i.imgur.com/AtQ5MD8.png
Edited to add investor presentation & valuation analysis
Disclosure: 12,000 commons at ~$12.80 cost basis as of 1/11/2021
https://preview.redd.it/15rhosd81ta61.png?width=941&format=png&auto=webp&s=40e0fe959ec70e962eb4b35c43e6e3f94097e2aa
Figure 1. Lucid Motors is purported to be the target of $CCIV.
Addendum 12:58 PM Eastern:
1/12/2021 - At 3 pm Eastern $CCIV and Klein will have a fireside chat which I suspect will confirm the rumor with DA/LOI with Lucid Motors. I expect shares to go $20 EOD. You can register below to listen in: (https://icrinc.zoom.us/webinar/register/WN_Q0p6otkBSV-a0WDMhUcpWQ)
Addendum #2 12;14 PM Eastern 1/13/2021
Based on the chat yesterday with Klein I would not buy at this price and would wait for confirmation if you plan on holding for a long time. I have trimmed my positions and waiting closely for LOI/DA before jumping back in.
#TLDR
$CCIV is a $2 Billion SPAC that is rumored in bringing Lucid Motors public [1,2]. This is a transaction valued at $15 Billion [2]. Lucid Motors targets the luxury end of the EV market with an average cost of a sedan at $70K USD. Peter Rawlinson, Teslaβs former chief engineer on the Model S Sedan is the chief executive officer at Lucid Motors [2]. Their luxury electric sedan is expected to rival TESLAβs model S with 517 miles of range, 0-60 in 2.5 seconds, and eye pleasing esthetics. 108.2M shares were traded on 1/11/2021 - The most I have seen for a SPAC indicating tremendous interest from retail and institutions.
Buy: $CCIV commons < $18 prior to release of LOI/DA. This is 80% above NAV but I expect the commons to go +$35 at least based on valuation, meme factor, relationship with Tesla, management and branding. Higher risk but excellent odds of 100% return at $18 compared to other SPACs at NAV. This could be seen as a momentum trade or a long hold if you can withstand the volatility.
Buy: $CCIV warrants < $4 prior to the release of LOI/DA. High Risk/ High Reward. At the current price of 4.83 the warrants have outpaced the commons and are suggesting commons >= $16.32 by tomorrow.
Twitter: https://twitter.com/canadian20200
Part 1: Summary
1A. Lucid Motors:
Lucid was founded in 2007 under the name Atieva and originally focused on buil
... keep reading on reddit β‘Just slightly more information than the Bloomberg terminal post, and a little more insight into what it may mean.
https://wccftech.com/lucid-motors-and-churchill-capital-corp-iv-cciv-now-much-more-likely-to-merge-as-a-consortium-of-investors-led-by-venrock-associates-look-to-sell-their-stake-to-the-spac-valuation-remains-the-key/
Lucid Motors continues to be the center of attention in the SPAC world as the luxury EV manufacturerβs merger talks with the SPAC Churchill Capital Corp. IV (NYSE:CCIV) continue. Now, an update on the Bloomberg terminal has unleashed a fresh new wave of buying in Churchill Capital shares.
As per the Bloomberg terminal, a consortium of investors, led by the VC firm Venrock Associates, is negotiating a sale of its Lucid stake to Churchill Capital. Readers should note that Venrock Associates is one of the oldest investors in Lucid Motors, having participated in the companyβs Series B financing in 2009. In that round, Lucid Motors β known as Atieva back then β raised $7.1 million from Venrock, the China Environment Fund, etc.
Now, this development has two major implications for the ongoing merger talks between Lucid Motors and Churchill Capital. First, this indicates that negotiations continue to plough ahead, thereby brightening the prospects for an eventual agreement. However, more importantly, this development cuts to the very heart of the purported valuation concerns that have been stalling these talks. We were able to glean from a number of sources that, in light of the ferocious rally in Churchill Capital shares, valuation remained a key concern between the two negotiating parties and the Saudi PIF, which retains a controlling stake in Lucid Motors. Before explaining further, readers should note that a SPAC only acquires a fraction of its target company β usually around 10 percent. Should Venrock-led consortium sell its stake to Churchill Capital, the SPAC would directly need to acquire a smaller stake in Lucid Motors while allowing for a higher overall valuation, thereby brightening the prospects for the merger. A key assumption here is that Churchill Capital is able to negotiate a very attractive price for the consortiumβs stake.
Despite the promising nature of this development, investors should not get carried away as the PIF has yet to confirm the mode through which Lucid Motorsβ shares would be publicly floated. The options continue to include an IPO, direct listing, a SPAC merger, and another private funding
... keep reading on reddit β‘https://preview.redd.it/c3uplcnl10a71.png?width=1324&format=png&auto=webp&s=5f6fd4f5cad5a97bdaf85481c2b0ecdca1b251a3
Fuxx you Alex Cuckler!
We're smarter than you.
(P.S I asked him to correct the FUD & Misinformation but he blocked me right after I asked.)
https://preview.redd.it/cpl7jzoc30a71.png?width=906&format=png&auto=webp&s=b0fc28b960f4da9f0c7aedec48e5fdb3db5794b7
Yes, you read that correct, I am advising the purchase of a SPAC from the most hated sponsor on this board, Mr. Michael Klein.
No, I am not drunk.
No, I am not high.
Yes, I realize this might become the most downvoted post in this subβs history.
My logic:
Michael Klein has essentially become known as what I call a, βbad SPAC actorβ. There are many ways in which a sponsor may be a βbad SPAC actorβ, but in Kleinβs case he seems perfectly willing to screw over his shareholders in completion of deals which greatly enrich Michael Klein.
Examples:
CCX β Klein takes your money & buys two near bankrupt entities & fuses them together. This is precisely the sort of seemingly reckless, high-risk deal which originally gave SPACs their bad name & shady reputation of olden days.
CCXX β Klein takes your money & buys MultiPlan, not the most inspiring target, but it is not the target which bothers me, itβs what I believe is the largest shareholder dilution in the history of SPACs which went along with it. Kline got the deal done & screwed his shareholders to do so. Bigly.
CCV β Klein creates the 1st ever SPAC with $9 floor. One can only presume this targets dopey Robinhood & Webull βinvestorsβ & the recent uneducated retail hoards pouring money into SPACs. Klein could use your cash to buy, βSallyβs Salmonella Salad Shackβ, and at a bare minimum heβll take 10% of your money off-the-top to do so.
Knowing all of this, why in Godβs name would I recommend you buy CCIV?
The call will be held as an audio-only webcast and conference call. Listeners can submit questions through the webcast link.Β CCIV and Lucid encourage all CCIV stockholders to participate in the investor call and vote if they have not.
Mr. Klein and Mr. Rawlinson will discuss the upcoming combination of Lucid and Churchill IV and reiterate the importance of stockholders voting in favor of all proposals related to the combination at its special meeting of stockholders
https://www.prnewswire.com/news-releases/lucid-motors-to-go-public-in-merger-with-churchill-capital-corp-iv-bolstering-lucids-vision-to-redefine-luxury-performance-and-efficiency-in-the-sustainable-electric-vehicle-market-301232846.html
The call will be held as an audio-only webcast and conference call. Listeners can submit questions through the webcast link.Β CCIV and Lucid encourage all CCIV stockholders to participate in the investor call and vote if they have not.
Mr. Klein and Mr. Rawlinson will discuss the upcoming combination of Lucid and Churchill IV and reiterate the importance of stockholders voting in favor of all proposals related to the combination at its special meeting of stockholders
Please note that this site uses cookies to personalise content and adverts, to provide social media features, and to analyse web traffic. Click here for more information.