CCIV $12B MERGER COMPLETION? - Now What?! - Lucid Motors Prediction & What To Do Moving Forward
107In this video I tell you about the CCIV and Lucid Motors merger deal. The deal is near completion and could be finished by the end of this month... but I think it could be done by the END OF THIS WEEK.
I tell you what this means for the stock, give you my stock price prediction and tell you what to do moving forward, should you buy more CCIV stock? or sell some off?
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The CCIV Deal is Done, so what next? should you buy more CCIV stock after Lucid Motors merge with CCIV? well let me tell you whats happened recently, the stock rose from $31 last week and closed at $40 on friday.
On Tuesday, Reuters and Bloomberg announced that the deal was near completion which sent the stock skywards leaving the CCIV Stock up 32% on the day.
This was followed by some huge buys of $42m, $23m, $10m and more. the Bloomberg screenshot shows that Michael Klein and Lucid have agreed on the Key Terms and an interview with Michael suggests he likes to make a formal announcement at 50% institutional ownership.
Before the reuters news, ownership was at 42%, then shot up to 45% and therefore will be hitting 50% any day now. CCIV will own 16.67% of lucid, CCIV currently has a market cap of around $13.5bn giving Lucid a post merger valuation of around $84bn.
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