What is M Klein and company?

What is M Klein and company?

Klein & Company is a merchant banking and strategic advisory firm headquartered in New York City, New York. The firm is focused solely on providing advice on transactions for large companies and acts as an adviser to chief executive officers, the board of directors, institutional investors, and governments.

Who is Michael Klein CCIV?

One of the largest names in the investment banking industry has seen his star power increase with a superstar merger announcement announced this week. Michael Klein has been behind seven SPACs. Most investors now know Klein as the head of Churchill Capital Corp IV (NYSE: CCIV), the company taking Lucid Motors public.

Why did Michael Klein leave Citi?

Klein, once considered a potential successor to former Citigroup CEO Sandy Weill, left the bank in 2008 to advise Britain’s government during the global financial crisis.

Who owns Churchill Capital?

CEO Michael Klein
Churchill Capital Corp IV is not owned by hedge funds. With a 20% stake, CEO Michael Klein is the largest shareholder. Meanwhile, the second and third largest shareholders, hold 2.9% and 2.7%, of the shares outstanding, respectively.

What is Churchill Capital?

Churchill Capital Corp operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. Churchill Capital serves customers in the United States.

Who owns CCIV stock?

Top 10 Owners of Lucid Group Inc

Stockholder	Stake	Shares owned
The Vanguard Group, Inc.	2.27%	37,920,720
BlackRock Fund Advisors	0.60%	10,038,262
Franklin Advisers, Inc.	0.46%	7,580,935
Geode Capital Management LLC	0.36%	6,068,732

What is Mike Klein net worth?

In 2015, in its annual ranking of the wealthiest people in the world, Forbes listed Klein with a personal net worth of $1.3 billion….Michael Klein (businessman)

Michael Klein
Born	1951 (age 70–71) Munich, Germany
Citizenship	Brazilian
Alma mater	Paes de Barros University Getulio Vargas Foundation

Will my CCIV stock become lucid stock?

Now that work is finally done as the two companies have completed the merger. As a result of the merger, Churchill Capital and Lucid Motors will be renamed Lucid Group. In addition to this, shares of CCIV stock will switch over to the LCID stock ticker.

When did CCIV become lucid?

Shares of common stock and warrants of the post-combination company, renamed Lucid Group, Inc. (“Lucid”), will be listed on The Nasdaq Stock Market LLC (“Nasdaq”) beginning on July 26, 2021 under the ticker symbols “LCID” and “LCIDW,” respectively. Units will no longer trade separately.

Will CCIV stock become Lucid stock?

Will CCIV shareholders get Lucid stock?

After days of both sides rallying stockholders to exercise their vote, the SPAC merger between Lucid Motors and Churchill Capital Corp IV (CCIV) has been approved.

What happens to CCIV shares after merger?

As a result of the merger, Churchill Capital and Lucid Motors will be renamed Lucid Group. In addition to this, shares of CCIV stock will switch over to the LCID stock ticker.

Is CCIV merger completed?

and NEW YORK, July 23, 2021 /PRNewswire/ — Churchill Capital Corp IV (“Churchill IV” or “CCIV”) (NYSE: CCIV), a publicly traded special purpose acquisition company, and Lucid Motors today announced the completion of their business combination, taking public a company that is setting new standards with its advanced …

What happens to CCIV stock after Lucid merger?

Who is CCIV merging with?

Lucid Motors
Lucid Group, the company formed after Lucid Motors’ July 23 merger with Churchill Capital Corp IV (CCIV), has become a publicly listed company.

Did CCIV merger with Lucid?

Lucid Group trades under the “LCID” ticker symbol. Lucid Group, the company formed after Lucid Motors’ July 23 merger with Churchill Capital Corp IV (CCIV), has become a publicly listed company.

How many shares of Lucid will CCIV holders get?

Moreover, the PIPE investors, who are bringing in $2.5 billion in crucial liquidity, also need to be issued new shares, to the tune of 166.66 million. Assuming no redemptions, 1.595 billion Lucid Group common shares will have to be issued in total upon the close of the merger agreement.

Will CCIV shares convert to LCID?

Shareholders approved the long-awaited merger between Churchill Capital and Lucid (NASDAQ:LCID) on Friday. This was the last roadblock to making the deal a reality. As such, as of Monday, CCIV stock has converted into LCID stock. The company is known as Lucid Group and trades on the Nasdaq.

Is Lucid and CCIV merging?

Is CCIV and LCID the same?

CCIV is now officially LCID as the Lucid Motors transaction has closed and begins trading under its new ticker today. All 7 SPAC merger votes are at prices that make more big redemptions possible.