Churchill Capital Corp IV CCIV,
a special-purpose takeover corporation created by former Citigroup Inc. banker Michael Klein, issued a statement on Tuesday in response to inquiries from shareholders and after what it called ‘unusual trading’ in its shares in recent sessions. The blank check company, which was formed for the purpose of acquiring one or more businesses, said it is always reviewing a range of potential business combinations to find the most suitable one for its shareholders. “We generally don’t comment on rumors and speculation and we won’t comment on whether or not the company is looking for a specific business opportunity, unless we say, as noted, that we are always evaluating a number of potential business combinations,” the statement said. Churchill’s shares have risen about 50% in the past three months, amid media reports that it is in talks for a merger with electric vehicle company Lucid Motors. Electric vehicles became a major subject of speculation after Tesla Inc.’s TSLA,
over 700% of earnings in the last 12 months.
