EV Maker Lucid Motors Seeks $15 Billion In SPAC Deal

Lucid Motors, the luxury electric vehicle maker, is close to a deal for an initial public offering (IPO) at a $12 billion valuation after a deal with Michael Klein's special purpose acquisition company (SPAC), Reuters writes. The merger between Lucid and Klein's company, Churchill Capital IV Corp, is set to be the biggest in a run of deals by electric vehicle makers like Nikola Corp and Fisker Inc, which have gone public through SPACs as well.
Read more...

;