Lucid Motors Shares Rise 11% in First Trading Day After SPAC Merger
Shares of Lucid Group climbed 11% in their first day of trading on Monday after the electric-vehicle company completed a blank-check merger ahead of plans to launch production later this year.
Lucid stock closed Monday at $26.83. Shares of Churchill Capital Corp. IV , the special-purpose acquisition company with which Lucid merged, ended trading at $24.25 on Friday.
Read more on Wall Street Journal…
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