Churchill Capital Corp IV CCIV,
a special purpose procurement corporation, founded by former banker Citigroup Inc. Michael Klein, issued a statement on Tuesday in response to shareholder inquiries and following what he called “unusual trading” in his shares in recent sessions. The company with incomplete verification, which was formed for the purpose of acquiring a business or companies, stated that it always reviews a number of potential business combinations to find the most suitable shareholders. “In general, we do not comment on rumors and speculation and will not comment on whether or not the company is pursuing a particular business opportunity other than saying that, as mentioned, we are always evaluating a number of potential business combinations,” the statement said. . . Churchill shares have gained about 50 percent in the past three months, according to the media, according to which it is in talks for a merger with the electric vehicle company Lucid Motors. Electric vehicles have become a major topic of speculation after Tesla Inc.’s TSLA,
gains of over 700% in the last 12 months.