$Churchill Capital Corp IV
Guys after doing research, It seems as if the 24 billion price valuation was priced into the crash ah today.
Here is the basic situation
At $15 per share, cciv is worth 24 billion
At $30 per share, cciv is worth 48 billion
At $37.50 per share, cciv is worth 69 billion which is what we want .
If you have noticed the price action of cciv in sfter hours, you will have noticed that it tanked as low as $38 per share which makes sense as it is close to the fair value of cciv at a 24 bIllion dollar valuation of $37.50. Hence why the 24 billion dollar valuation has already been factored in to the price after hours today. The 30 percent Crash today was clearly a correction to the stock price given the change in valuation of lucid at a change of $24 billion dollars. Hope this clears up the confusion everyone
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