Lucid Motors Is Said to Be in Talks to List Via Klein SPAC (3)

Jan. 11, 2021, 11:01 PM

Electric vehicle maker Lucid Motors Inc. is in talks to go public through a merger with one of Michael Klein’s special purpose acquisition companies, according to people familiar with the matter.

A transaction could be valued at up to $15 billion, the people said, asking not to be identified because the matter is private. Lucid, which is backed by Saudi Arabia’s sovereign wealth fund, is working with financial advisers, the people added. The talks are ongoing but could still fall apart.

Representatives for Lucid Motors and Klein declined to comment.

For More: Saudi-Backed Lucid in Talks for Electric Car ...

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