Lucid isn’t delivering electric cars yet, but it’s going public to accelerate growth

Lucid isn’t delivering electric cars yet, but it’s going public to accelerate growth

2021 Lucid AirLucid Motors is the latest EV firm to go public through a special-purpose acquisition corporation (SPAC) shell company before delivering any vehicles. The automaker on Monday announced plans for a “reverse merger” with Churchill Capital Corp IV, whose shares are already listed on the New York Stock Exchange. A reverse merger is when a private…

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