CCIV Stock Increased 9.47%: Why It Happened

By Amit Chowdhry ● July 20, 2021
  • The stock price of Churchill Capital Corp IV (NYSE: CCIV) increased by 9.47% today. This is why it happened.

The stock price of Churchill Capital Corp IV (NYSE: CCIV) increased by 9.47% today. Investors were likely responding positively to the company moving another step closer to combining with Lucid Today Churchill Capital — a publicly traded special purpose acquisition company (SPAC) — reminded stockholders to vote “FOR” the company’s proposed business combination with Lucid Motors, which is setting new standards for sustainable mobility with its advanced luxury EVs.  

The proposals related to the combination will be voted upon at the company’s special meeting of stockholders on July 22, 2021, as described in Churchill IV’s proxy statement/prospectus dated June 25, 2021.

Churchill IV said it encourages all shareholders to vote, regardless of the number of shares the stockholder holds. And Churchill IV requests that each stockholder complete, sign, date, and return a proxy card, if it has not already done so, to ensure that the stockholder’s shares will be represented at the special meeting. 

The stockholders as of the close of business on June 21, 2021 (the record date for the special meeting) should vote their shares even if they no longer own them. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.