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Churchill Capital Corp IV Priced, NYSE: CCIV

Fourth blank check company founded by dealmaker and former Citi executive Michael Klein (pending: Lucid Motors).

Industry: SPAC

Latest Trade: $18.45 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: +84.5%

Industry: SPAC

We are a newly incorporated blank check company. We may pursue an initial business combination in any business or industry but expect to focus on a target in an industry where we believe our management team and founder’s expertise will provide us with a competitive advantage. Our objectives are to generate attractive returns for shareholders and enhance value through selecting a high quality target at an attractive valuation, negotiating favorable acquisition terms for our stockholders and improving operational performance of the acquired company. We expect to favor potential target companies with certain industry and business characteristics. Key industry characteristics include compelling long-term growth prospects, opportunities to affect valuation improvements at the company, attractive competitive dynamics and consolidation opportunities. Key business characteristics include competitive advantages, significant streams of recurring revenue, opportunity for operational improvement, attractive steady-state margins, high incremental margins and attractive free cash flow characteristics.
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IPO News for Churchill Capital Corp IV
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IPO Data
IPO File Date 07/14/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 180.0
Deal Size ($mm) $1,800
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/29/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 180.0
Deal Size ($mm) $1,800
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters New York, NY
Founded 2020
Employees 2
Website www.lucidmotors.com