EQUITY ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Churchill Capital Corp IV

New York, New York--(Newsfile Corp. - April 23, 2021) -  Levi & Korsinsky notifies investors that it has commenced an investigation of Churchill Capital Corp IV ("Churchill Capital" or the "Company") (NYSE: CCIV) concerning possible violations of federal securities laws.

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On Monday, February 22, 2021, a merger agreement was announced between Churchill, a special purpose acquisition company and Lucid, an American automotive company specializing in electric cars. The transaction equity value was estimated at $11.75 billion. Churchill's share price closed at $57.37. It was also disclosed that Lucid was projecting the production of only 557 vehicles in 2021, rather than the 6,000 it had been touting before the merger announcement.

On this news, Churchill's stock price fell to $35.21 per share on February 23, 2021. As of April 18, 2021, the stock was trading at $19.52 a share, or 66% lower than it was on February 22, 2021. To obtain additional information, go to:

https://www.zlk.com/pslra-1/churchill-capital-corp-iv-information-request-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

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