https://wccftech.com/churchill-capital-corp-iv-cciv-shares-experience-a-bloodbath-as-lucid-motors-commands-a-higher-than-expected-valuation-and-delays-the-lucid-air-ev-deliveries/

Lucid Motors, the manufacturer of the luxury Air EV, would likely have hoped for a better reception than the one that has been accorded by the market to the news of a formal merger agreement between the EV player and the SPAC Churchill Capital Corp. IV (NYSE:CCIV).

To wit, relative to the all-time high price of $64.86, Churchill Capital shares are now down over 35 percent. At present, the SPAC’s shares are trading at the $41 price handle.