Crystal Kim

Business, Fuel

Lucid Clinches SPAC Deal With 11th-Hour Appeal

The Lucid Air prototype electric vehicle The Lucid Air prototype electric vehicle manufactured by Lucid Motors Inc. stands at company headquarters in Newark, Calif. (David Paul Morris/Bloomberg News)

Lucid Motors Inc.’s last-gasp appeal to investors succeeded in pushing through approval for the electric-car startup’s deal to go public by merging with a blank-check company.

Crystal Kim | Bloomberg News
July 23, 2021
Business, Technology

SPAC Crackdown Threatens Environment That Powers EV Startups

Electric Vehicles Drew Angerer/Getty Images

The marriage between SPACs and clean-tech vehicle startups is on the rocks as regulators push for detail.

Crystal Kim | Bloomberg News
May 3, 2021
Business, Technology, Safety, Autonomous

Luminar Technologies More Than Doubles Post SPAC Merger

Luminar Technologies lidar imaging Luminar Technologies lidar imaging. (David Paul Morris/Bloomberg News)

Peter Thiel-backed Luminar Technologies Inc. briefly touched an all-time high within days of emerging as a stand-alone company as investor excitement over developers of laser sensors that enable autonomous driving ramped up.

Crystal Kim | Bloomberg News
December 7, 2020