Churchill Capital Corp IV CCIV,
a special acquisition company founded by former banker of Citigroup Inc. Michael Klein, released a statement Tuesday in response to questions from shareholders and what it called “ unusual trading ” in its stock in recent sessions. The blank check company, which was founded with the goal of acquiring a company or businesses, said it always reviews a range of potential business combinations to find the best among its shareholders. “We generally do not comment on rumors and speculation and will not comment on whether or not the company is pursuing a specific business opportunity, except that, as noted, we are always evaluating a number of potential business combinations,” the statement said. . . Shares of Churchill are up about 50% in the past three months amid media reports that it is in talks of a merger with electric vehicle company Lucid Motors. Electric vehicles have become a major topic of speculation after Tesla Inc.’s TSLA.
more than 700% profit in the last 12 months.