Churchill Capital Corp IV Prices $1.80B IPO

Churchill Capital Corp IV announced the pricing of its initial public offering of 180,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange under the symbol “CCIV.U” commencing on July 30, 2020. Each unit consists of one share of the Company’s Class A common stock and one-fifth of one warrant, each whole warrant entitling the holder thereof to purchase one share of the Company’s Class A common stock at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, we expect that the Class A common stock and warrants will be listed on the NYSE under the symbols “CCIV” and “CCIV WS,” respectively.

Churchill Capital Corp IV was founded by Michael Klein, who is also the founder and managing partner of M. Klein and Company. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.

Citigroup Global Markets Inc. is acting as global coordinator, joint bookrunner and representative of the underwriters and Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint bookrunners. Academy Securities, Inc., Blaylock Van, LLC, Drexel Hamilton, LLC, Siebert Williams Shank & Co., LLC and Tigress Financial Partners LLC are acting as co-bookrunners. Credit Suisse Securities (USA) LLC is acting as a capital markets advisor. The Company has granted the underwriters a 45-day option to purchase up to 27,000,000 additional units at the initial public offering price to cover over-allotments, if any.