- July 23, 2021
- Posted by: Stratford Team
- Category: Business
— The business combination is anticipated to close today, July 23, 2021
— Overwhelming support from institutional and retail stockholders with 98% approval
— The post-combination company will be renamed Lucid Group, Inc. and its common stock is expected to trade on Nasdaq under the ticker symbol “LCID” beginning on July 26, 2021
NEW YORK, July 23, 2021 /PRNewswire/ — Churchill Capital Corp IV (“Churchill IV” or “CCIV”) (NYSE: CCIV), a publicly traded special purpose acquisition company, announced that in a special meeting held today, its stockholders voted to approve the proposals required to complete its combination with Lucid Motors (“Lucid”), a leader in EV technology which is setting new standards with its advanced luxury EVs.
(PRNewsfoto/Churchill Capital Corp IV)
All of the proposals related to the business combination received overwhelming support from stockholders that voted—approximately 98% of votes cast voted for the proposal to approve the…
