$Churchill Capital Corp IV(CCIV)$the valuation in Jan was $15b previously, and the market valuation was $60b, $60 ÷ $15 = 4xshare price $10× 4 = $40Feb valuation was $12b, $60 ÷ $12 = 5xshare price $10 × 5 = $50but when the news announced that the valuation was $24 bil, $60 ÷ $24 = 2.5share price $10 × 2.5 = $25also, the $12b PIPE was valued at $15/share.