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Churchill Capital Corp IV (CCIV) has successfully completed its business combination with Lucid Motors, transitioning into Lucid Group, Inc. Shares will be listed on Nasdaq under the ticker symbol LCID starting July 26, 2021. CEO Peter Rawlinson emphasized momentum as Lucid prepares for the launch of its luxury EV lineup, Lucid Air, capable of up to 1080 horsepower and over 500 miles of range. The merger aims to fuel Lucid's innovation and growth in sustainable mobility, supported by significant investments for operational scale and technology improvement.
On July 23, 2021, Churchill Capital Corp IV (CCIV) announced that its stockholders overwhelmingly approved the business combination with Lucid Motors, with approximately 98% of votes in favor. The merger is poised to close on the same day, initiating Lucid's transition to public trading on Nasdaq under the ticker 'LCID' on July 26, 2021. Lucid Motors aims to revolutionize electric vehicles with its flagship model, the Lucid Air, expected to deliver a range of over 500 miles, with production starting in Casa Grande, Arizona, in the second half of 2021.
Churchill Capital Corp IV (CCIV) and Lucid Motors have announced a live investor call set for Thursday, July 22, 2021, at 11:30 a.m. ET. During the call, CCIV's Chairman and CEO, Michael Klein, and Lucid's CEO and CTO, Peter Rawlinson, will discuss their upcoming business combination. The Special Meeting for stockholders has been adjourned to July 23, 2021, at 9:00 a.m. ET, to facilitate additional voting. Stockholders are encouraged to vote in favor of the merger proposal to finalize the combination with Lucid, known for its luxury electric vehicles.
On July 22, 2021, Churchill Capital Corp IV (CCIV) announced that its stockholders approved most proposals related to the merger with Lucid Motors, except one. The meeting is adjourned to July 23, 2021, at 9:00 a.m. ET to gather more votes for the final proposal needed for the business combination. Over 97% of votes cast were in favor of the merger, indicating strong support. Stockholders are urged to vote online to ensure the completion of the merger, which is contingent on additional approvals.
Churchill Capital Corp IV (CCIV) urges shareholders to vote for its proposed merger with Lucid Motors. The crucial vote is set for July 22, 2021, with all stockholders encouraged to participate. CCIV emphasizes that shares not voted will not count towards the transaction's approval. The merger aims to bring Lucid Air, a luxury electric vehicle with impressive performance specifications, to market, with deliveries expected in late 2021. This merger is significant for CCIV as it seeks to capitalize on the growing electric vehicle market.
Churchill Capital Corp IV (CCIV) is urging stockholders to vote "FOR" its proposed business combination with Lucid Motors during a special meeting on July 22, 2021. The merger aims to enhance sustainable mobility through Lucid's luxury electric vehicles, notably the Lucid Air, which boasts a range of over 500 miles and acceleration from 0-60 mph in 2.5 seconds. Stockholders are encouraged to participate in the vote, regardless of the number of shares held, to ensure their input counts. The proxy statement contains details vital for making informed voting decisions.
Churchill Capital Corp IV (CCIV) reminds shareholders to vote "FOR" its proposed merger with Lucid Motors at a special meeting on July 22, 2021. Stockholders, regardless of share quantity, are urged to complete proxy cards to ensure representation. The record date for voting was June 21, 2021. Lucid Motors aims to revolutionize sustainable mobility with its upcoming Lucid Air electric vehicle, which boasts a range of over 500 miles and top performance metrics. The merger is anticipated to enhance market opportunities for both companies.
On July 9, 2021, Lucid Motors and Churchill Capital Corp IV (CCIV) announced an investor call scheduled for July 13, 2021, at 1:30 PM PT. The call will feature updates from CEO Peter Rawlinson and CFO Sherry House, focusing on Lucid's advancements in sustainable mobility and electric vehicle (EV) technology. CCIV encourages its shareholders to join the call before the upcoming shareholder meeting on July 22, 2021. Lucid's first car, the Lucid Air, boasts up to 500 miles of range and is set for deliveries in the second half of 2021.
Churchill Capital Corp IV (CCIV) announced that the SEC has declared effective its registration statement for a merger with Lucid Motors, a leader in electric vehicle technology. The special stockholder meeting is scheduled for July 22, 2021, to approve the transaction expected to close the next day. Lucid has exceeded expectations in production capabilities and demand, with the Lucid Air Dream Edition already fully reserved. Post-merger, the company will change its name to Lucid Group, Inc., and its shares will be listed on NASDAQ under the ticker 'LCID.'
On May 28, 2021, Churchill Capital Corp IV (NYSE: CCIV) filed its Quarterly Report on Form 10-Q for Q1 2021 with the SEC. The filing comes after receiving a notice from the NYSE for non-compliance due to the delay in submission linked to accounting considerations regarding SPACs. The Company has until November 28, 2021, to regain compliance, but the filing is expected to restore its status. Churchill was formed for business combinations and further investments.
