$Churchill Capital Corp IV(CCIV)$
1) JAN 11 — BLOOMBERG POST of CCIV & LUCID MOTORS- History states that it takes about 20 days after Bloomberg predicts a merger for a company to announce it.
2) JOBS- there are three jobs regarding a company being traded public. Two for investor relations and 1 for SEC Informant. The one that stands out to me is the SEC Job there is only one need for that job.
3) TWITTER — A reply to a post which was taken down This does not confirm or deny much. BUT they did reply stating reservations are open at http://lucidmotors.com . This may have been a bot?
4) Edward Ludlow — THE EDITOR of the the Bloomberg article. A fellow Redditor posted this: https://www.reddit.com/r/SPACs/comments/kzxo0w/cciv_bloomberg_writer_connection_to_lucid/
Basically Edward has huge influence in the EV world and has done multiple interviews at lucid headquarters. P.S. his article was the one who took down Nikola as a company. Definitely read the reddit post!
5) Connections between Churchill Capital and Lucid Motors —
A) The main Guy in play is Andrew Liveris- He is the director and executive chairman of DowDuPont. Who is also on the board of directors for Lucid Motors. WHO IS ALSO AN OPERATING PARTNER AT CHURCHILL CAPITAL IV! How DOW & DUPONT come into play is with DuPont Capital Management- same parent company — they bought 14 million shares of CCIV on December 31st.
Link to lucid website — https://lucidmotors.com/company/board
Link to Churchill Capital — https://iv.churchillcapitalcorp.com/operating-partners/
Here is a graph of connections from Reddit — https://www.reddit.com/r/SPACs/comments/kzcibf/ccivlucid_connections/
B) Next connection is between Michael Klein (Churchill Capital IV CEO) and Saudi PIF(they own 64%). Saudis love doing business with people they trust and have had good past work. — it is well known the Lucid motors is making a factory in Saudi. Michael Klein facilitated Saudi Aramco IPO in 2017 — Saudi Aramco, Financial News Article Asia , Arab News
6) Saudi PIF — they are estimated to own 5% of Tesla shares. The Company sold almost all of its shares before the surge in December 2019. They owned 8.2 million shares before selling.
This tells us the relationship between Saudi PIF and the stock market more specific Electric Vehicles is very old. Now after losing out on Tesla before the surge, I do not see any reason why they would not want a piece of that action now in 2021 with Lucid motors going Public!
Bloomberg Article stating this- The Saudis’ Giant Wealth Fund Sold Almost All Its Tesla Shares Before Epic Surge
7) Timeline — It’s apparent with the job listing that lucid is going public. Their cars are set to be released by June 2021! Why does that matter? In order for a company to have an IPO it takes about one year before the company would be placed into the stock market.
While a SPAC will take about 2-3 months. If Lucid Motors wants to be public before their cars come out. They would need to go through a SPAC like $CCIV. It just makes sense. They will need to generate revenue and this is the best way to do it!
8) CARBUZZ:
A) They released an article which read Lucid motors has closed a $15 billion deal. Which is now updated to lucid motors has updated from “closed” to “is closing”. And was brushed off as a spelling error..
B) Lucid Motors Follows them on Twitter.
C) Carbuzz has multiple articles about lucid and hitting the stock market
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