luxury electric car makerLucid Motors Inc is about to go public at a valuation of approximately US$12 billion. Prior to this, the blank check acquisition company under the senior deal maker Michael Klein has initiated financing to support the transaction.
Churchill Capital IV’s share price soared after the news, rising by about 30% to $52.20. The source stated that if the private equity fundraising is successfully finished, the transaction may be announced as early as this month.
Lucid is located in a large luxury pure electric car that is the same as Tesla’s flagship model ModelS. Publicity materials show that the LucidAir model has a range of 500 miles, a maximum power of 1080 horses, and a starting cost of 69,900 US dollars that is equivalent to RMB 450,000.
(Via)
