The latest lawsuit, filed by the firm Labaton Sucharow, joins at least five others in making similar allegations. IV ( NYSE:CCIV) shares, which serve as a proxy for Lucid Motors in the pre-merger phase, are again trading close to the recent lows.ДЄ major factor that appears to be dampening the sentiment in the stock today is a fresh class action lawsuit that has been filed against Churchill Capital IV for improper and/or insufficient disclosure in the lead-up to the merger DA with Lucid Motors. After a quantum of positive sentiment recently, Churchill Capital Corp. Lucid Motors just canвЂ™t seem to catch a proverbial break. WCCF TECH INC has a disclosure and ethics policy. The author has no position in any of the stocks mentioned. Janet S.This is not investment advice.Tony Posawatz, President & CEO, Invictus iCAR.Nichelle Maynard-Elliott, Director, Element Solutions, Inc.Frank Lindenberg, former CFO, Mercedes-Benz Cars and Mercedes-Benz AG.Nancy Gioia, Executive Chairman, Blue Current, Inc.August, Founder and CEO Oak Hill Advisors, L.P. Turqi Alnowaiser, Deputy Governor and Head of the International Investments Division, Public Investment Fund of the Kingdom of Saudi Arabia.Andrew Liveris, Chairman of the Board, formerly Chairman and CEO of The Dow Chemical Company.

Peter Rawlinson, CEO & CTO, Lucid Group.

Lucid says that deliveries of the Air electric luxury sedan will start soon as it is currently producing the vehicle at its factory in Arizona and conducting quality validation checks-the final step before customer deliveries.Д«esides the rollout of its first model, Lucid Group plans to expand rapidly by offering вЂњa broad range of products powered by the companyвЂ™s proprietary electric powertrain technology.вЂќ So far, the only other vehicle we know about is the Project Gravity electric SUV.ДЇinally, Lucid Group has also announced its new Board of Directors, which includes people with decades of experience across various automotive and technology companies. We are on track to meet our projected deliveries for the next two years, and we look forward to delighting our customers around the world with the best electric vehicles ever created.вЂќ Lucid Air represents the next generation of EVs and creates new standards for interior comfort, range, efficiency and power. вЂњLucidвЂ™s mission is to truly mass industrialize electric cars and electric powertrain systems through the development of the most advanced technology imaginable. In the short speech he delivered after ringing the opening bell, the executive made some big promises for a company that is yet to bring its first production model to market.

The money will allow it to add 2.7 million square feet (250,800 sq m) of additional space at the companyвЂ™s greenfield factory in Arizona with the goal to add a separate line for the Project Gravity electric SUV. Lucid Group CEO and CTO Peter Rawlinson rang the opening bell at Nasdaq on July 26 to celebrate the company's public listing, and the executive said Lucid now has $4.4 billion in funding in the bank. The electric vehicle manufacturer is now trading on the Nasdaq Global Select Market with its Class A common stock and public warrants listed under the new ticker symbols вЂњLCIDвЂќ and вЂњLCIDW,вЂќ respectively.

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