Churchill Capital Corp IV CCIV,
a special-purpose acquisition corporation created by former Citigroup Inc. banker Michael Klein issued a statement Tuesday in response to shareholder inquiries and after what he called “unusual trading” in its shares in the last sessions. The blank check company, which was formed with the goal of acquiring one or more businesses, said it is always reviewing a number of potential business combinations to find the best fit for its shareholders. “We generally do not comment on rumors and speculation and will not comment on whether or not the company is pursuing a specific business opportunity other than saying that, as noted, we are always evaluating various potential business combinations,” the statement said. . Churchill shares have gained about 50% in the past three months, amid media that are in talks for a merger with electric vehicle company Lucid Motors. Electric vehicles have become a big topic of speculation after Tesla Inc.’s TSLA,
more than 700% gains in the last twelve months.