Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

CHURCHILL CAPITAL CORP VI

(CCVI)
SummaryQuotesChartsNewsCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Churchill Capital Corp. VI and Encourages Investors to Contact the Firm

08/27/2021 | 08:01pm EDT

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Northern District of Alabama on behalf of investors that purchased Churchill Capital Corporation VI (NYSE: CCVI) securities between January 11, 2021 and February 22, 2021, inclusive (the “Class Period”). Investors have until August 30, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

On January 11, 2021, Bloomberg News reported that Lucid Motors Inc. ("Lucid"), an American automotive company specializing in electric cars, is in talks to go public via merger with one of Michael Klein’s special purpose acquisition companies, including Churchill.

Over the next several weeks, Lucid’s Chief Executive Officer Peter Rawlinson made media appearances during which he stated that Lucid was aiming for a spring delivery for its first vehicles.

On February 22, 2021, the merger between Churchill and Lucid was announced with transaction equity value estimated at $11.75 billion. Churchill’s share price closed at $57.37.

The same day, after the market closed, Bloomberg News reported that production of Lucid’s debut car would be delayed until at least the second half of 2021 with no definite date for the actual delivery of vehicles. Details of the merger also disclosed that Lucid was projecting the production of only 557 vehicles in 2021, instead of the 6,000 it had been touting in the run-up to the merger announcement.

On February 23, 2021, Churchill’s stock fell $22.16, or 38%, to close at $35.21 per share on February 23, 2021.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) Lucid was not prepared to deliver vehicles by spring of 2021; (2) Lucid was projecting a production of 557 vehicles in 2021 instead of the 6,000 vehicles touted in the run-up to the merger with Churchill; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you purchased Churchill securities during the Class Period and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.


ę Business Wire 2021
All news about CHURCHILL CAPITAL CORP VI
08/27DEADLINE ALERT : Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit..
BU
08/16CHURCHILL CAPITAL VI : Management's Discussion and Analysis of Financial Condition and Res..
AQ
08/16Churchill Capital Corp Vi Reports Earnings Results for the Second Quarter Ended June 30..
CI
08/10Certain Class B Common Stock of Churchill Capital Corp VI are subject to a Lock-Up Agre..
CI
05/24CHURCHILL CAPITAL VI : Management's Discussion and Analysis of Financial Condition and Res..
AQ
05/24Churchill Capital Corp Vi Reports Earnings Results for the First Quarter Ended March 31..
CI
05/11CHURCHILL CAPITAL CORP VI : Change in Directors or Principal Officers (form 8-K)
AQ
05/11Churchill Capital Corp VI Announces Changes to Its Board
CI
02/17Churchill Capital Corp VI announced that it has received $14.04 million in funding from..
CI
02/11Churchill Capital Corp VI has completed an IPO in the amount of $480 million.
CI
More news
Financials (USD)
Sales 2020 - - -
Net income 2020 -0,00 M - -
Net cash 2020 0,03 M - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 676 M 676 M -
EV / Sales 2019
EV / Sales 2020 -
Nbr of Employees -
Free-Float 66,7%
Chart CHURCHILL CAPITAL CORP VI
Duration : Period :
Churchill Capital Corp VI Technical Analysis Chart | CCVI | US17143W1018 | MarketScreener
Technical analysis trends CHURCHILL CAPITAL CORP VI
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Managers and Directors
Michael Stuart Klein Chairman, President & Chief Executive Officer
Jay Taragin Chief Financial Officer
Glenn Russell August Independent Director
Bonnie Jonas Independent Director
Mark David Klein Independent Director
Sector and Competitors
1st jan.Capi. (M$)
CHURCHILL CAPITAL CORP VI0.00%676
INVESTOR AB (PUBL)31.82%70 054
CK HUTCHISON HOLDINGS LIMITED-2.96%25 894
GROUPE BRUXELLES LAMBERT SA19.20%17 318
HAL TRUST31.09%15 184
AB INDUSTRIVÄRDEN (PUBL)2.33%14 066