Lucid Stock Drops on Cryptic SEC Investigation. It’s Bad News for SPACs.
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https://www.barrons.com/articles/lucid-lcid-stock-sec-investigation-spac-51638793857
Updated Dec. 6, 2021 8:22 americium ET / Original Dec. 6, 2021 7:31 americium ET
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Shares of electric-vehicle startup Lucid were dropping aft the institution said it received a subpoena from the Securities and Exchange Commission, leaving investors scrambling to determine what’s going connected and what are the semipermanent risks, if any, to the stock.
Even if Lucid (ticker: LCID) isn’t impacted successful the agelong run, it’s different reminder to investors that the SEC is taking a person look astatine peculiar intent acquisition companies, amended known arsenic SPACs.
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