Churchill Capital Corp IV Reminds Stockholders to Vote Prior to the Special Meeting of Stockholders on July 22, 2021 in Favor of Business Combination With Lucid Motors

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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.

Positive

• Upcoming merger with Lucid Motors expected to create significant market opportunities.
• Lucid Air projected to achieve over 500 miles of range, appealing to luxury EV market.

Negative

• None.

NEW YORK, July 20, 2021 /PRNewswire/ -- Churchill Capital Corp IV ("Churchill IV" or "CCIV") (NYSE: CCIV), a publicly traded special purpose acquisition company, reminds stockholders to vote "FOR" the Company's proposed business combination with Lucid Motors ("Lucid"), which is setting new standards for sustainable mobility with its advanced luxury EVs.  Proposals related to the combination will be voted upon at the Company's special meeting of stockholders on July 22, 2021, as described in Churchill IV's proxy statement/prospectus dated June 25, 2021 (the "Proxy Statement").

Churchill IV encourages all shareholders to vote, regardless of the number of shares the stockholder holds. Accordingly, Churchill IV requests that each stockholder complete, sign, date and return a proxy card, if it has not already done so, to ensure that the stockholder's shares will be represented at the special meeting. Stockholders who hold shares in "street name," meaning that their shares are held of record by a broker, bank or other nominee, should contact their broker, bank or nominee to ensure that their shares are voted.

Stockholders as of the close of business on June 21, 2021, the record date for the special meeting, should vote their shares even if they no longer own them. If any Churchill IV stockholder has not received the Proxy Statement, such stockholder should confirm the proxy's status with their broker, or contact MacKenzie Partners, Churchill IV's proxy solicitor, for help, toll-free at (800) 322-2885.  

The Churchill IV special meeting of stockholders is scheduled to take place on July 22, 2021, at 10:00 a.m. Eastern time, via live webcast. The Proxy Statement is available in the Investor Resources section of Churchill IV's website as well as on www.sec.gov.

About Lucid
Lucid's mission is to inspire the adoption of sustainable energy by creating the most captivating electric vehicles, centered around the human experience. The company's first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design underpinned by race-proven technology. Featuring luxurious interior space in a mid-size exterior footprint, select models of Air are expected to be capable of a projected EPA range of over 500 miles and 0-60 mph in 2.5 seconds. Lucid Air is produced at Lucid's new factory in Casa Grande, Arizona, and customer deliveries are planned to begin in the second half of 2021.

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.

Additional Information About the Proposed Transactions and Where to Find It
This communication does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication relates to a proposed business combination between CCIV and Lucid.  In connection with the proposed business combination, CCIV filed a registration statement on Form S-4, as amended (the "Form S-4"), with the U.S. Securities and Exchange Commission (the "SEC"). The Form S-4 was declared effective June 25, 2021. The Form S-4 includes a document that serves as a prospectus and proxy statement of CCIV, referred to as a proxy statement/prospectus, that is both the proxy statement/prospectus which has been distributed to CCIV's shareholders in connection with CCIV's solicitation of proxies for the vote by CCIV's shareholders with respect to the proposed transaction as described in the Form S-4 as well as the prospectus relating to the proposed business combination as described in the Form S-4. CCIV also will file other documents regarding the proposed business combination with the SEC. Before making any voting decision, investors and security holders of CCIV are urged to read the Form S-4 and all other relevant documents filed or that will be filed with the SEC in connection with the proposed business combination as they become available because they will contain important information about the proposed transaction. CCIV has mailed a definitive proxy statement/prospectus and other relevant documents to its shareholders of record as of June 21, 2021, the record date established for the special meeting of stockholders relating to the proposed business combination. Investors and security holders may obtain free copies of the Form S-4 and all other relevant documents filed or that will be filed with the SEC by CCIV through the website maintained by the SEC at www.sec.gov. The documents filed by CCIV with the SEC also may be obtained free of charge at CCIV's website at: https://iv.churchillcapitalcorp.com/# or upon written request to 640 Fifth Avenue, 12th Floor New York, NY 10019.

Participants in the Solicitation
CCIV, Lucid and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from CCIV's shareholders in connection with the proposed transactions. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of CCIV's shareholders in connection with the proposed transactions is set forth in CCIV's proxy statement/prospectus included in the Form S-4. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests is included in the proxy statement/prospectus. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

Forward-Looking Statements
This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding expectations and timing related to commercial product launches, the performance, range, autonomous driving and other features of the Lucid Air, future market opportunities, including with respect to energy storage systems and automotive partnerships, future manufacturing capabilities and facilities, future sales channels and strategies, future market launches and expansion, potential benefits of the proposed business combination and PIPE investment (collectively, the "proposed transactions") and the potential success of Lucid's go-to-market strategy, and expectations related to the terms and timing of the proposed transactions. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's and CCIV's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lucid and CCIV. These forward-looking statements are subject to a number of risks and uncertainties, including factors discussed in CCIV's definitive proxy statement/prospectus, CCIV's Annual Report on Form 10-K/A for the year ended December 31, 2020 and CCIV's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, in each case, under the heading "Risk Factors," as well as other documents of CCIV filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Lucid nor CCIV currently know or that Lucid and CCIV currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid's and CCIV's expectations, plans or forecasts of future events and views as of the date of this communication. Lucid and CCIV anticipate that subsequent events and developments will cause Lucid's and CCIV's assessments to change. However, while Lucid and CCIV may elect to update these forward-looking statements at some point in the future, Lucid and CCIV specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's and CCIV's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Contacts

For Lucid Motors, Inc.
Andrew Hussey
media@lucidmotors.com
investors@lucidmotors.com

For Brunswick Group:
Tim Daubenspeck/Stephen Powers
lucid@brunswickgroup.com

For Churchill Capital Corp IV:
Steve Lipin / Lauren Odell / Christina Stenson
Gladstone Place Partners
(212) 230-5930

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SOURCE Churchill Capital Corp IV

FAQ

What is the date of the special meeting for CCIV shareholders?

The special meeting for CCIV shareholders is scheduled for July 22, 2021.

What should CCIV shareholders do to vote in the upcoming meeting?

CCIV shareholders should complete, sign, date, and return their proxy card to vote on the proposed merger.

What is the record date for CCIV stockholders to vote?

The record date for CCIV stockholders to vote was June 21, 2021.

What is the purpose of the proposed business combination with Lucid Motors?

The proposed business combination aims to create a leading luxury EV company with enhanced market opportunities.

What performance metrics does the Lucid Air electric vehicle boast?

The Lucid Air is expected to have an EPA range of over 500 miles and can accelerate from 0-60 mph in 2.5 seconds.