Churchill Capital Corp. VI CCIV.U,
On Friday, he said his initial public offering had been increased to 48 million units from an earlier plan to offer $ 46 million, and shares are expected to trade on the New York Stock Exchange on Friday under the symbol ‘CCVI.U.’ The special acquisition company, or SPAC, is the latest venture of the former banker of Citigroup Inc. Michael Klein. SPACs, or blankcheck companies, are money that raise money during a stock exchange and then have two years to acquire a business or businesses. It became a popular way to become known during the pandemic and, according to Dealogic data, reached a record $ 82 billion in revenue in 2020. Klein’s Churchill Capital Corp. IV CCIV,
It is speculated that SPAC may acquire electric vehicle manufacturer Lucid Motors, but the company declined to comment.
