Churchill Capital Corp/Lucid
1- Share ratio post merger? 1:1, means 1 $LCID for 1 $CCIV share
2- 15B dilution post merger? Myth, authorized share is different from issued shares.
3- Tradeable shares post-merger? Same 207M $CCIV shares + additional 60M shorted shares
4- What about other shares that make the total 1.6B?
- PIF (Saudi) 1B shares locked up for 180 days
- Early Lucid share holders & execs 175M locked up for 180 days
- PIPE 166M shares locked up until Sep 1
- Klein 51M shares locked up until 2023
- 207M CCIV tradeable (+60M additional float due to shorted shares)
5- Expected next share issuance & dilution? early 2023
6- effect of next share issuance & dilution? -6% estimate
Q: What happens when lock up period expires?
A: It means the holder of shares HAS the ability to sell, but having ability to sell doesn't mean they sell
Q: PIPE has 166M shares. Who are PIPEs?
A: PIPE are 7 large institutions that contributed 2.5B in capital together
- Blackrock
- Fidelity
- Saudi Arabia(13.3M shares)
- Franklin Templeton
- Neuberger Berman
- Wellington Asset Management
- Winslow Capital Management
Q: Will all PIPE investors suddenly sell on lock up expiration?
A: Likely not, they have the ability to sell but whether they sell or no is yet to be seen. Lucid and Saudis emphasized in February that PIPE investors have *implicit* long-term capital commitment. The PIPE investors had the privilege to take part in the $15 per share offer. Many of these capital commitments have implicit strings attached to them. If they sell on Sep 1 and run away, they probably lose access to any other offerings by Saudis forever. Who wants to lose a 800B fund client?
Und der PIF darf auch nicht verkaufen keine Ahnung ob die ihren Anteil kleiner machen aber ich denke die bleiben voll drin die halten über 60% von den Aktien Lucid Motors am Montag.
Die wollen das zu einer zweiten Tesla Aktie machen.
Das Öl reicht halt nicht ewig ob ich das gut finde ich sag mal nein für die Aktie ganz gut wenn es einen großen Investor gibt aber 60% die können machen was sie wollen......................
Werden die Short Seller Frech kommen die auf die Todesliste und die Saudis schicken ihre Killerkommandos los hehe.
Dafür sind wohl mehrere Lucid Air im Glascontainern in New York aufgestellt.
https://www.youtube.com/watch?v=AG16McLaQzY
neues Werk in Casa Grande, Arizona
Lucid Motors Factory Construction Site July 22nd, 2021 | Drone Footage of 8:00 AM - YouTube
https://qrco.de/madisonsquarepark
bzw. man wird zu diesem Link weitergeleitet:
https://www.dreamaheadnyc.com/...um=qr&utm_campaign=dreamaheadnyc