Churchill Capital Corp IV Issues Statement

Rhea-AI Summary

Churchill Capital Corp IV (NYSE: CCIV, CCIV.UN) issued a statement addressing recent shareholder inquiries and unusual trading activity. As a special purpose acquisition corporation (SPAC), it is focused on finding suitable business combinations that create long-term value. The company emphasized its ongoing evaluation of various potential merger opportunities but refrained from commenting on any specific plans. This approach aims to ensure that any future business combination aligns with shareholder interests.

Positive

• Ongoing evaluation of multiple potential business combinations.
• Focus on creating long-term value for shareholders.

Negative

• None.

NEW YORK, Jan. 19, 2021 /PRNewswire/ -- Churchill Capital Corp IV (NYSE: CCIV, CCIV.UN) today issued the following statement in response to inquiries from shareholders and the New York Stock Exchange, as well as the unusual trading in shares of the Company's common stock in recent days:

Churchill Capital IV is a special purpose acquisition corporation that was formed solely for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. 

We are always reviewing a range of potential business combinations to determine an opportunity that  represents the best fit for the Company and our shareholders and that we believe would create long-term value for Churchill shareholders. We do not generally comment on rumors and speculation and will not comment as to whether the Company is or is not pursuing a specific business opportunity other than saying, as noted, we are always evaluating a number of  potential business combinations.  

About Churchill Capital Corp IV
Churchill Capital Corp IV was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.

Media Contacts
Churchill Capital Corp IV: Steven Lipin or Felipe Ucros, Gladstone Place Partners, 212-230-5930

View original content:http://www.prnewswire.com/news-releases/churchill-capital-corp-iv-issues-statement-301210859.html

SOURCE Churchill Capital Corp IV

FAQ

What did Churchill Capital Corp IV announce on January 19, 2021?

On January 19, 2021, Churchill Capital Corp IV announced a statement in response to shareholder inquiries and unusual trading activity, emphasizing its focus on evaluating potential business combinations.

What is the purpose of Churchill Capital Corp IV?

Churchill Capital Corp IV is a SPAC formed to pursue mergers, stock exchanges, asset acquisitions, and similar business combinations.

Is Churchill Capital Corp IV pursuing a specific business opportunity?

The company did not confirm any specific business opportunity but stated it is continuously evaluating various potential combinations.

What is the current stock symbol for Churchill Capital Corp IV?

The current stock symbols for Churchill Capital Corp IV are CCIV and CCIV.UN.