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Lucid goes public via biggest SPAC deal to date

2021 Lucid AirA string of electric-vehicle startups have all gone public in the past year via a so-called reverse merger with a special purpose acquisition company (SPAC) whose shares are already listed, and the latest to join the party is Lucid. Lucid in February agreed to a merger with Churchill Capital Corp IV, and the deal was finally approved last week…