Electric vehicle firm Lucid Motors to go public in $11.8 billion blank-check merger

Lucid was founded in 2007 as Atieva, a name it now uses for its engineering and tech arm that supplies batteries to electric racing circuit Formula E. The company first focused on electric battery technology before changing its name and shifting to an electric vehicle manufacturer in 2016, three years after Rawlinson joined the company to lead its technology development.

Rawlinson last year described SPAC deals as quick money, but not enough capital to bring a vehicle to production in-house, which has led firms such asPrior to the announcement with Klein's firm, Rawlinson said the company had the funding to start producing the Air at a plant in Casa Grande, Arizona, which is located southeast of Phoenix.

this looks dope

Scam

All these companies go public Hmm, Owners get billions of $ and the rest is history.

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it's practically free as long as you spend $22.1 Trillion.

This looks so much better than a Tesla!

CNBC always 4 hours late w/ tweets

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Shares of SPAC for electric car company Lucid plummet another 20% after merger announcementShares were down as much as 19.6% during midday trading, adding to a tumultuous week for the special purpose acquisition company, also known as a SPAC, jimcramer what’s your thoughts of this dirty spac deal
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