Why SPACs Churchill Capital IV, CIIG Merger, and Northern Genesis Closed Higher Today
Shares of several special purpose acquisition companies (SPACs) that are set to merge with electric-vehicle start-ups closed higher on Thursday, as investors continued to snap up shares of everything EV-related following last year's spectacular run by category leader Tesla (NASDAQ: TSLA).
Here's where shares of these three SPACs closed on Thursday, relative to their closing prices on Wednesday:
Churchill Capital IV has had a wild run since Bloomberg reported on Monday that it may be close to a merger deal with electric luxury-vehicle start-up Lucid Motors.
Source Fool.com
