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.
July 23, 2021Crystal Kim
Business, Fuel
The Lucid Air prototype electric vehicle manufactured by Lucid Motors Inc. stands at company headquarters in Newark, Calif. (David Paul Morris/Bloomberg News)
Lucid Clinches SPAC Deal With 11th-Hour Appeal
The Lucid Air prototype electric vehicle manufactured by Lucid Motors Inc. stands at company headquarters in Newark, Calif. (David Paul Morris/Bloomberg News)
Business, Technology
Drew Angerer/Getty Images
SPAC Crackdown Threatens Environment That Powers EV Startups
Drew Angerer/Getty Images
The marriage between SPACs and clean-tech vehicle startups is on the rocks as regulators push for detail.
May 3, 2021
Business, Technology, Safety, Autonomous
Luminar Technologies lidar imaging. (David Paul Morris/Bloomberg News)
Luminar Technologies More Than Doubles Post SPAC Merger
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.
December 7, 2020