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Churchill Capital is pleased to partner with Lucid, introducing the Company to the public markets, delivering the unprecedented capital to finance the launch of its extraordinary line of vehicles and engaging to grow the Company into a leading automotive and energy company."Īs previously announced, Peter Rawlinson will continue to lead Lucid along with the rest of the company's seasoned leadership team.

I am sure Lucid will continue to be a committed steward of the environment and a steadfast supporter of the communities where it operates while delivering attractive returns and providing strong governance for its shareholders. and advances sustainable mobility for the benefit of the planet. We are excited to complete this combination and our significant investment in Lucid as it disrupts the EV market, continues to create excellent jobs for thousands across the U.S. Michael Klein, Chairman and CEO of Churchill IV, said, "By assembling a highly talented leadership team, a strong independent board and undertaking a ground-up reimagining of electric vehicles, Lucid has built an incredible EV with superior, race-proven technology. I want to thank Michael and the Churchill team for their partnership and shared vision." We are making significant investments in the long-term growth and innovation of our company, and we will continue to bring to bear world-class technology to positively impact mankind's transition to sustainable mobility. Lucid has further increased its momentum as we gear up to make the first customer deliveries of our Lucid Air lineup of electric sedans later this year. Peter Rawlinson, CEO and CTO of Lucid, said, "We are thrilled to complete our business combination with Churchill IV and become a public company. ("Lucid"), will be listed on The Nasdaq Stock Market LLC ("Nasdaq") beginning on Junder the ticker symbols "LCID" and "LCIDW," respectively.

Shares of common stock and warrants of the post-combination company, renamed Lucid Group, Inc. and NEW YORK, J/PRNewswire/ - Churchill Capital Corp IV ("Churchill IV" or "CCIV") (NYSE: CCIV), a publicly traded special purpose acquisition company, and Lucid Motors today announced the completion of their business combination, taking public a company that is setting new standards with its advanced luxury EVs.Ĭhurchill IV, whose shares of common stock, warrants and units are currently listed on the New York Stock Exchange (the "NYSE"), will delist from the NYSE.