A logo on a Lucid Air Dream Edition vehicle is seen outside the Nasdaq MarketSite as Lucid Motors begins trading today on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, U.S., July 26, 2021. REUTERS/Andrew Kellyhas received a subpoena from the U.S.
"The investigation appears to concern the business combination between the Company and Atieva Inc and certain projections and statements," the company said in a regulatoryThe deal, which was completed earlier this year, was with veteran dealmaker Michael Klein's blank-check acquisition firm.
It was funded initially by Chinese and Silicon Valley venture investors, with additional funding from backers like state-owned Chinese auto maker BAIC Motor and Chinese technology company LeEco.Reporting by Nivedita Balu in Bengaluru; Editing by Amy Caren Daniel and Arun KoyyurSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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