EV-Maker Lucid Group Gets Warm Reception After SPAC Merger (2)

A Lucid Air with its limited-edition metallic paint-job called “eureka gold” glints, parked outside of the Nasdaq. The luxury car, a part of the electric carmaker’s Dream lineup, is evocative of the path it took to public markets via blank-check.

Newark, California-based Lucid Group’s debut listing on Monday comes after it completed a reverse-merger with financier Michael Klein’s special purpose acquisition company Churchill Capital Corp. IV. The stock, now trading under the symbol LCID, received a warm reception. Shares closed 11% higher at $26.83 on Monday.

WATCH: Lucid CEO Peter Rawlinson discusses the electric-car startup’s trading debut.

(Source: Bloomberg)

Lucid Chief Executive Officer Peter Rawlinson said that the company remains ...