The Law Offices of Frank R. Cruz Announces Investigation of Churchill Capital Corporation IV (CCIV) on Behalf of Investors
LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of Churchill Capital Corporation IV (“Churchill” or the “Company”) (NYSE: CCIV) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On Monday, February 22, 2021, the merger agreement between Churchill, a special purpose acquisition company and Lucid, an American automotive company specializing in electric cars, was announced. Churchill and Lucid’s transaction equity value was estimated at $11.75 billion. Churchill’s share price closed at $57.37. Details of the merger also disclosed that Lucid was projecting…