Lucid Group (LCID) Receives SEC Subpoena Which Appears Related to SPAC Merger

December 6, 2021 6:10 AM EST
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Price: $27.15 -5.4%

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On December 3, 2021, Lucid Group, Inc. (NASDAQ: LCID) received a subpoena from the Securities and Exchange Commission requesting the production of certain documents related to an investigation by the SEC. Although there is no assurance as to the scope or outcome of this matter, the investigation appears to concern the business combination between the Company (f/k/a Churchill Capital Corp. IV) and Atieva, Inc. and certain projections and statements. The Company is cooperating fully with the SEC in its revie



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