SMART MONEY GROUP

[crudeoil24]

CCIV > (Reuters) - Electric vehicle startup Lucid Motors is in talks to go public through a merger with a blank-check firm backed by Michael Klein, a veteran Wall Street dealmaker, Bloomberg News reported on Monday, citing people familiar with the matter.

Lucid is working with financial advisers on the deal, which could be valued at up to $15 billion, the report said. (bloom.bg/39pzVUD)

In a statement, Lucid said it has always been clear about its intent to go public at some point and added that its focus remains on bringing its first luxury model, the Lucid Air, to production in spring.

Klein’s Churchill Capital Corp IV is the vehicle that is considering the deal with Lucid, Bloomberg said, citing some of the people.