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
- Source
- Lucid Motors IR
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