You can change your choices at any time by visiting Your Privacy Controls. The investment sees the Saudi royal family trying to develop projects that will make the economy less dependent on oil. Opendoor IPO: Stock Listing via Chamath Palihapitiya’s SPAC; Best Long-Term Stocks to Buy and Hold for the Next 10 Years; Cheapest Stocks Under $1 on the Market; The Best Side Hustles for 2020; Fisker IPO: Stock Coming to Market via Merger (adsbygoogle = window.adsbygoogle || []).push({}); electrive.com is a news service for decision makers in the electric mobility industry. Lucid Motors, electric car maker building AZ factory, may go public via SPAC merger By Cromwell Schubarth – TechFlash Editor, Silicon Valley Business Journal Required fields are marked *, I have read and accepted the Privacy Policy *. Email. Posted on January 13, 2021 Luxury electric vehicle maker Lucid Motors is reportedly pondering the idea of going public via a merger with a special purpose acquisition company (SPAC). Churchill Capital Corp IV extends 2-day surge to over 50% on news of plans to take Lucid Motors public via SPAC Shares of Churchill Capital Corp. IV are up over 50% in a two-day streak to start the week. Lucid Motors ponders going to public via SPAC merger teslarati.com - Simon Alvarez. The EV in premium trim debuted in September 2020. Luxury electric vehicle maker Lucid Motors is reportedly pondering the idea of going public via a merger with a special purpose acquisition company … View on teslarati.com. Blank-check firms, also known as special purpose acquisition companies (SPAC), typically raise money in an initial public offering to pursue an acquisition without telling their investors in advance which specific company they will buy. Jan 11, 2021, 1:56pm PST. (Bloomberg) -- Electric vehicle maker Lucid Motors Inc. is in talks to go public through a merger with one of Michael Klein’s special purpose acquisition companies, according to people familiar with the matter.A transaction could be valued at up to $15 billion, the people said, asking not to be identified because the matter is private. Lucid Motors appears in talks to go public through a merger with a special purpose acquisition company (SPAC) belonging to investor Micheal Klein. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Lightning eMotors announced plans to go public via a SPAC merger with GigCapital3 last week. Electric vehicle maker Lucid Motors Inc. is in talks to go public through a merger with one of Michael Klein’s special purpose acquisition companies, according to … Blank-check firms, also known as special purpose acquisition companies (SPAC), typically raise money in an initial public offering to pursue … With that in mind, here are 12 things to know about GIK stock and the Lightning eMotors SPAC merger: GigCapital3 first came public in May 2020 and started trading on the New York Stock Exchange . It will be another electric vehicle (EV) company to hit the stock market in 2020. News of the SPAC potentially taking EV company Lucid Motors public is driving the share price higher. Article content. The Latest News From The Auto World By Jalopnik. Churchill Capital is listed under CCIV. Several electric vehicle startups, including Canoo, Fisker Inc., Lordstown Motors and Nikola Corp., have gone public this year by merging with a … The industry-facing website builds on the email briefing we publish every workday since 2013. The talks were ongoing, and Lucid Motors and Klein have yet to comment. Arrival is set to combine with CIIG Merger Corp, a SPAC set up by former Remington and Marvel CEO Peter Cuneo. https://www.electrive.com/2021/01/15/lucid-motors-aims-to-go-public-via-spac-deal/, Lucid Motors aims to go public via SPAC deal. The Loveland, Colo.-based startup is developing battery- and fuel cell-powered vans, buses and trucks. 6 Other Attractions … There is easy access in and out of the city via Bath and Wells Roads. – ADVERTISEMENT – (adsbygoogle = window.adsbygoogle || []).push({}); When searching SPAC , SPAX is listed as the option that sells the potential mergers. We will accomplish our mission by providing state-of-the-art, cost-effective electric … News of the SPAC potentially taking EV company Lucid Motors public is driving the share price higher. By Simon Alvarez Posted on January 13, 2021 Luxury electric vehicle maker Lucid Motors is reportedly pondering the idea of going public via a merger with a special purpose acquisition company (SPAC). Lucid too targets the luxury end of the market as Tesla did in the early days. Via Moto Ltd is authorised and regulated by the Financial Conduct Authority in regard to Consumer Credit, our firm reference number is 658095. What Should Investors Know Ahead Of The Potential Lucid Motors SPAC Merger? Tesla competitor Lucid Motors may go public via SPAC merger. Getting there. Electric vehicle startup Lucid Motors is in talks to go public through a merger with a blank-check firm backed by Michael Klein, a veteran Wall Street dealmaker, Bloomberg News … The report assumes one of his SPAC business to take on Lucid on the way to the stock exchange listing. Location. Existing Lucid backers include the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, which has invested more than $1 billion in the company. travel, has have led to a reallocation of road space away from motor traffic. According to a recent report from Bloomberg, electric vehicle startup Lucid Motors is engaging in conversations to go public via a special purpose acquisition company (SPAC). Find out more about how we use your information in our Privacy Policy and Cookie Policy. Kensington (Olympia) Overground 2 min. Chief executive officer, Peter Rawlinson, was previously Tesla’s chief engineer on the Model S and the company has been seen preparing their Air sedan. Your email address will not be published. Shift Technologies, an online used car marketplace and sensor company Velodyne Lidar, also went public via a SPAC, sidestepping the traditional IPO path. Property type Development / Land; Date available Date available: 01 Feb 2021 VIA Motors is an automotive technology company with a simple mission: To help make the major cities of the world better places to live for the people of the world. Read all 680 reviews. Website +44 20 7385 1200. The fourth of seven 'blank-check' companies operated by … Car Hire See car hire from US$13/day. Autoprotect MBI Ltd is authorised and regulated by the Financial … Via Moto Ltd is authorised and regulated by the Financial Conduct Authority in regard to Consumer Credit, our firm reference number is 658095. Lordstown Motors is going public via a reverse-merger with a SPAC, also known as a "blank check" company. The recent interest in this strategy is also driven by the popularity of auto technology startups among investors looking for high stock valuation seen with Tesla. Via Moto Ltd is a credit broker, not a lender. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. This reallocation has led to an increase in journey time delay in places. Publishing date: Jan 11, 2021 • 2 days ago • < 1 minute read. It was announced on Monday that the company plans to go public via SPAC IPO. Autoprotect MBI Ltd is authorised and regulated by the Financial … Paved and well lit off-street parking space to rent. Plenty of space and easy to get to on the train! Contact . Related Stories. EV firm Lucid Motors in talks to go public via SPAC deal - Bloomberg News. Via Moto Ltd is an Appointed Representative of Autoprotect MBI Ltd for insurance distribution purposes. Lucid, which is backed by Saudi … Lucid Motors, the Newark, California-based e-vehicle start-up which is expected to bring forth a production line for its first electric vehicle Lucid Air as early as by late-2021, had been in an advanced staged talk to go public through a merger deal with an SPAC (Special Purpose Acquisition Company) backed by the veteran Wall Street dealmaker Michael Klein, a Bloomberg … The deal could be worth $15 billion (about €12.4Bn) for the electric vehicle maker. By Cromwell Schubarth – TechFlash Editor, Silicon Valley Business Journal . Lucid plans to start US deliveries of its electric sedan in the second quarter. Lordstown turned to a SPAC … Stocks Currencies (Forex) U.S. Coronavirus Cryptocurrency Canada Futures & Commodities Earnings ETFs & Funds Bitcoin (BTC) Tech China U.K. Gold Europe Energy Australia Hedge Funds Health Tesla (TSLA) Wall Street Fed Apple (AAPL) NYSE S&P 500 Ethereum (ETH) Japan IPOs Blockchain Moody's (MCO) Amazon (AMZN) Taxes Asia Donald Trump EUR USD … SPAC or shell companies have been chasing e-mobility companies recently or the other way around. Via Moto Ltd is an Appointed Representative of Autoprotect MBI Ltd for insurance distribution purposes. Faraday Future staked its claim to the world's fastest electric car with its FF91 production model, showing footage of it outracing Tesla Motors Inc.'s Model S … The PIF was also invested in Tesla for a long time but sold almost all its shares in 2020. Financial news agency Bloomberg cites sources close to the matter. One condition was for Lucid to install a factory in the desert state. 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