https://wccftech.com/lucid-motors-and-the-spac-churchill-capital-corp-iv-cciv-are-finally-merging-transaction-values-the-ev-company-at-24-billion/

Lucid Motors, the manufacturer of the luxury Air EV, is now officially merging with the Special Purpose Acquisition Company (SPAC), Churchill Capital Corp. IV (NYSE:CCIV), laying to rest the rumor frenzy that had gripped the SPAC sphere since early January.

As per the details revealed, Lucid Motors will be worth $24 billion and will have access to over $4 billion in cash, including $2.1 billion in trust and PIPE investments of $2.5 billion. Interestingly, the PIPE is priced at $15.00 per share (a 50 percent premium to CCIV's net asset value). Readers should note that we had been consistently stating that that Lucid Motors would command a much higher valuation than some of the other figures floating around. That prognostication has now panned out.