# Lucid Motors to go public via merger with Churchill Capital Corp IV

Lucid Motors announced a definitive merger agreement with Churchill Capital Corp IV (CCIV) at a transaction equity value of $11.75 billion, providing Lucid with approximately $4.4 billion in cash to fund production of the Lucid Air luxury EV and expansion.

- Type: Acquisition
- Announced: 2021-02-22
- Where: United States
- Value: $11.8B
- Jobs: 3,000
- Status: announced
- Products: luxury electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Lucid Motors](https://endata.com/companies/53383.md) (target)
- [Churchill Capital Corp IV](https://endata.com/companies/53384.md) (acquirer)

## Sources

- [ir.lucidmotors.com](https://ir.lucidmotors.com/news-releases/news-release-details/lucid-motors-go-public-merger-churchill-capital-corp-iv/), 2021-02-22: "Lucid Motors to Go Public in Merger with Churchill Capital Corp IV, Bolstering Lucid’s Vision to Redefine Luxury, Performance and Efficiency in the Sustainable Electric Vehicle Market"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.