Lucid Motors is the latest EV firm to go public through a special-purpose acquisition corporation (SPAC) shell company before delivering any vehicles. The automaker on Monday announced plans for a "reverse merger" with Churchill Capital Corp IV, whose shares are already listed on the New York Stock Exchange. A reverse merger is when a private... Lucid isn’t delivering electric cars yet, but it’s going public to accelerate growth
Lucid Motors is the latest EV firm to go public through a special-purpose acquisition corporation (SPAC) shell company before delivering any vehicles. The automaker on Monday announced plans for a "reverse merger" with Churchill Capital Corp IV, whose shares are already listed on the New York Stock Exchange. A reverse merger is when a private...