CALIFORNIA: Lucid Motors Inc is nearing a deal to go public through a merger with a blank-cheque company started by investment banker Michael Klein that could be announced this week, according to people familiar with the matter.
The combined entity will be valued at as much as US$15bil, the people said, asking not to be identified because the matter is private.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!