NewQ1 2026 Clean Energy Deal Intelligence Report is live
M&AClosedJuly 23, 2021

Lucid Group — luxury EV manufacturer (Lucid Air sedan; Casa Grande AZ factory)

Lucid Motors completed business combination with Churchill Capital Corp IV; trading on NASDAQ as LCID July 26, 2021. ~$4.4B in gross proceeds incl. $2.5B PIPE — largest PIPE in SPAC history at the time. PIF (Saudi Arabia) anchor investor. Initial deliveries of Lucid Air targeted for late 2021.

$24.00B

Deal Value

EV

Technology

CA

Location

Deal Details

Deal Type
SPAC Merger
Seller / Sponsor
Lucid Motors
Buyer / Financier
Churchill Capital Corp IV (CCIV)
Deal Value
$24B (pro forma equity)
Stage
Pre-commercial
ISO/RTO
CAISO

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