For months, the speculation surrounding Churchill’s merger target had been fueling its price. Moreover, when CCIV announced that its target was the up-and-coming Lucid Motors, the stock skyrocketed to ...

On just the rumor of its merging with Lucid, Churchill soared more than six-fold from its $10 per share SPAC offering price. But, now, the excitement’s long gone. As investors question valuations for ...