Since the start of the year, rumours have been spreading regarding the potential merger of CCIV with Lucid Motors. The Churchill Capital IV share price jumped from circa $10 to $31 in a month on these rumours. For the most part since the public listing, the share price had traded just below $10. Yes, CMC Markets UK plc and CMC Spreadbet plc are fully authorised and regulated by the Financial Conduct Authority in the UK. Retail client money is held in segregated client bank accounts and money held on behalf of clients is distributed across a range of major banks, which are regularly assessed against our risk criteria. Use this to see how IG client accounts with positions on this market are trading other markets.
The nature and extent of the financial instruments outstanding at the balance sheet date and the risk management policies employed by the Company are discussed below. The accounting policies adopted are consistent with those of the previous financial year. On the negative side it is again the co-investments that have the most influence. Our former holding in Ticketscript/Eventbrite which was sold after a sell-off early in the year had an adverse impact of £2.1m. Avalon the funeral plans company which is facing a difficult market was down by £2.0m. Ambio, which has been a very successful holding is growing more slowly and is down by £1.3m.
Elsewhere in Europe there have been a number of interesting new investments. In Spain Corpfin V invested £0.6m in Berioska, a natural cosmetics company which sells under the Babaria brand. Astorg IV invested £0.5m mainly in Arcturis a provider of software to the insurance industry. Archimed II, the healthcare specialist, invested £0.4m in Diesse Diagnostica Senese, an Italian producer of instruments and reagents for the seroimmunology and haematology fields. Bencis V invested £0.3m mainly in Vescos, a cloud-based locker management system provider. We have made an attractive investment into Inflexion Strategic Partners , a limited partnership which holds interests in past and future Inflexion funds, related entities, limited partnerships and co-investments.
Note that the content on this site should not be considered investment advice. For Churchill Capital, the deal consists of buying an equity stake of $11.75 billion on Lucid Motors through the issuance of 117.5 million shares at $10 per share while paying $15 per Lucid share. We explain how and compare a range of providers that can give you access to many stocks, including PRQR. Churchill Capital is what’s known as a blank cheque company, which means it acquires other businesses and assets via mergers, stock purchases and reorganisation. Unlike a regular business, blank cheque companies like Churchill Capital have no dedicated business plan or development of its own, and instead specialises in acquiring other companies. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.
Most SPACs, like Churchill Capital IV, raise money based on the reputation of the founder. Churchill Capital was founded by Michael Klein, a successful businessman in his own right. The particular one I’m referring to is fourth one, hence the ‘IV’ after the company name. Telephone calls and online chat conversations may be recorded and monitored. Apple, iPad, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries.