$Churchill Capital Corp IV
Holding 1000 shares at $15. This is my due dilligence to where I see this stock will be heading into. Rumor is that CCIV will be recieving 15 billion worth of stock from Lucid. As of right now, CCIV is sitting at a $15 billion valuation so yes, it is priced in. The bears are right.
If you think a spac can trade higher than the deal value is, I’ll give you several examples with other ev spacs.
PDAC Deal value: $650 million
PDAC Current market cap: $425 million
SNPR Deal value: $1.4 billion
SNPR Current market cap: $558 million
If you have a higher iq than the room temperature, then you can see the pattern. And It should be noted that the spacs I listed already have Products just like Lucid.
Summary: If the deal is valued at $15 billion, then yes this is the top. If the deal valued more, then it’ll correlate to a higher price. Don’t be left holding the bags.
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