AOL

Churchill Capital IV Is Still Expensive Despite the Recent Dip in Its Price

For months, the speculation surrounding Churchill’s merger target had been fueling its price. Moreover, when CCIV announced that its target was the up-and-coming Lucid Motors, the stock skyrocketed to ...
AOL

Lucid Motors confirms SPAC deal: CCIV stock down 25%

Lucid Motors and blank check company Churchill Capital IV (CCIV) confirmed a merger deal to take the California-based EV company public. Shares of Churchill Capital were down around 25% at 10:45 a.m.
Law

Siding With Second Circuit, Appeals Court Finds SPAC Investors Can’t Sue Over Pre-Merger Misstatements

"At the time of [Lucid's] alleged misrepresentations, CCIV and Lucid were two entirely separate companies," the U.S. Court of Appeals for the Ninth Circuit held. "Lucid’s alleged misrepresentations ...
Law

Siding With Second Circuit, Appeals Court Finds SPAC Investors Can't Sue Over Pre-Merger Misstatements

The U.S. Court of Appeals for the Ninth Circuit has become the second federal appeals court to hold that investors can't sue over alleged misstatements that an acquired company makes leading up to a ...