Churchill Capital Corp IV CCIV,
a special acquisition company, founded by Michael Klein, former banker of Citigroup Inc., issued a statement on Tuesday in response to inquiries from shareholders and following what he has recently called ‘unusual trading’ in its shares. The blankcheck company, which was set up to acquire a business or businesses, said it is always reviewing a range of potential business combinations to find the best fit for its shareholders. “We generally do not comment on rumors and speculations and will not comment on whether or not the company is taking advantage of a specific business opportunity, except to say that, as noted, we are always evaluating a number of potential business combinations, “reads the statement. . Churchill shares have risen about 50% over the past three months amid media reports that he is in talks about a merger with electric vehicle company Lucid Motors. Electric vehicles have become a major speculation after the TSLA of Tesla Inc.,
more than 700% increases in the last 12 months.
