CCIV stock soars 30% on report it’s nearing deal with Lucid Motors

Electric vehicle startup Lucid Motors may be nearing a Michael Klein-run SPAC agreement to take the California based company public, according to Reuters. The potential development sent shares of blank-check company Churchill Capital IV (CCIV) up more than 30% on Tuesday afternoon. Shares were halted for volatility following the headline.
Reports of a possible deal between Lucid and Churchill Capital IV have been circulating for about a month now, prompting the special purpose acquisition company to put out a statement back in January.
Year-to-date CCIV is up more than 400%, wit