Churchill Capital Corp IV today issued a statement in response to inquiries from shareholders and the NYSE, as well as the unusual trading in shares of the company’s common stock in recent days.
Rumors began swirling last week that electric vehicle maker Lucid Motors is in talks to go public through a merger with Churchill IV. That sent Churchill shares soaring as much as 33 percent in the following days.
“We are always reviewing a range of potential business combinations to determine an opportunity that represents the best fit for the company and our shareholders and that we believe would create long-term value for Churchill shareholders,” the SPAC said in the statement. “We do not generally comment on rumors and speculation and will not comment as to whether the company is or is not pursuing a specific business opportunity other than saying, as noted, we are always evaluating a number of potential business combinations.” Read more.
