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Lucid Motors to go public in hitherto biggest reverse merger

The merger between EV start-up Lucid Motors and Churchill Capital IV is valuated at USD 24 billion.

Photo: PR Lucid Motors

Lucid Motors has agreed to carry out an initial public offering as part of its merger with Churchill Capital IV, reports Financial Times.

The merger between electric-vehicle start-up Lucid Motors and Churchill Capital IV, controlled by trading veteran Michael Klein, is valuated at USD 24 billion and will be a so-called reverse merger.

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