Today Friday 2/5, Churchill Capital opened up a new ticker CCV aside from their already known ticker CCIV. What is the big deal you may ask? Well if you haven't been living under a rock, somewhat likely rumors about a merge between Churchill Capital and LUCID Motors may be underway. The reason why CCV being opened is such big news is that there may have been a deal struck between Churchill Capital and LUCID which is why Churchill capital needed to open a new ticker to replace the old one, as their original stock CCIV will be renamed with whatever the LUCID ticker will be. This is massive news and probably the reason why CCIV rose almost 15% today despite there being no confirmed news of a merge. What's also rumored is a super bowl commercial presented by LUCID Motors that will confirm the merge between the 2 companies. That one may be a stretch because it seems a bit late to reserve space for a commercial but only time will tell.
Keep in mind this is speculation. What I am saying isn't guaranteed to happen but I am very convinced personally that this will happen. Enjoy everyone.
Submitted February 05, 2021 at 07:28PM by NunzioL https://ift.tt/3jz3k3L
