Ticker: CCIV CIK: 1811210 Form Type: 10-Q Quarterly Report Accession Number: 0001104659-20-123051 Submitted to the SEC: Mon Nov 09 2020 4:05:38 PM EST Accepted by the SEC: Mon Nov 09 2020 Period: Wednesday, September 30, 2020 Industry: Blank Checks External Resources: Insider Transactions Stock Quote Social Media Bookmark the Permalink: The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the Class A common stock issuable upon the exercise of the Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Cookies help us deliver our Services. There is a possibility of cashless redemption whereby you get commons equivalent to what warrants are worth. Share this: SPAC tracker, track SPAC prices, SPAC news, SPAC sentiments for the most popular SPACs in the market. This is a factual/information only post for those who do not wish to search for the info online. ), Press J to jump to the feed. NEW YORK, Sept. 17, 2020 /PRNewswire/ — Churchill Capital Corp IV (the “Company” or “Churchill”) announced that commencing September 18, 2020, holders of the units sold in the Company’s initial public offering of 207,000,000 units may elect to separately trade the Class A ordinary shares and warrants included in the units. ... 2020, in each case, under the heading “Risk Factors,” and other documents of CCIV filed, or to be filed, with the SEC. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination or (b) 12 months from the closing of the Initial Public Offering. https://www.fool.com/investing/general/2014/09/11/investing-essentials-stock-warrants.aspx, SPAC Warrants NIO Case Study (with Video): On 2/23/2021 the company announced a pending merger with Lucid Motors, an electric vehicle company. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. ... has been declared effective by the SEC. Close. Warrants : CCIV WS : ... 2020, in each case, under the heading “Risk Factors,” and other documents of CCIV filed, or to be filed, with the SEC. In a civil case, this usually occurs when a defendant or witness fails to appear after being issued a subpoena. A high-level overview of Churchill Capital Corp IV - Warrants (CCIV.WS) stock. The Units sold in the Initial Public Offering comprise an aggregate of 207,000,000 shares of Class A common stock and 41,400,000 Public Warrants. Make fun of … Churchill Capital Corp IV was founded by Michael Klein, who is also the founder and managing partner of M. Klein and Company. If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. https://www.fool.com/investing/2021/01/06/spac-warrants-101-what-investors-need-to-know/. Additionally below is video and examples of Warrant exercise prices. Additionally, the Private Placement Warrants will be exercisable on a cashless basis and be non-redeemable so long as they are held by the initial purchasers or their permitted transferees. I bought a bunch of warrants and sold the same amount (in shares) of calls. If and when the warrants become redeemable by the Company, the Company may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. Investors can quickly filter out the irrelevant warrants just by three simple options: issuer, underlying and call/put type. No warrant will be exercisable for cash or on a cashless basis, and the Company will not be obligated to issue any shares to holders seeking to exercise their warrants, unless the issuance of the shares upon such exercise is registered or qualified under the securities laws of the state of the exercising holder, or an exemption from registration is available. A wise man once said... 11 days ago. 13F filings are submitted quarterly to the SEC by hedge funds and other investment managers SG provides a simplified, faster version of the Smart Warrants search engine for investors. Warrants : CCIV WS : New York Stock Exchange . The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation. Nikola has announced the redemption of all outstanding or unexercised public warrants on the 21st of August 2020 at $0.01 per warrant ... Nikola filed an S-1 form with the U.S. SEC … cciv ws New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Notwithstanding the above, if the Class A common stock is at the time of any exercise of a warrant not listed on a national securities exchange such that it satisfies the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement, but will use its reasonable best efforts to qualify the shares under applicable blue sky laws to the extent an exemption is not available. ... Switchback began trading on the NYSE in July 2019 and its common stock, units and warrants trade under the ticker symbols SBE, SBE.U and SBE.WS. If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants. Wedding Warrant: A warrant that can only be exercised if the host asset, typically a bond or preferred stock, is surrendered. Churchill Capital Corp IV Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share. Most probably they will be called for redemption at that time you pay $11.50 per warrant and get commons. Posted by. CCIV : New York Stock Exchange: Warrants included as part of the units : CCIV WS : New York Stock Exchange . I can’t see how they could become separated since they are for the same thing right now. CCIV Public Warrants: SEC Legal Definitions/Actions. If you read the SEC filing, CCIV might Exercise their right to do cashless conversion to common shares. web design new york Strike price for the warrants is $11.50 so their true value should be $21.00. For CCIV, a warrant allows one to exercise 1 share of CCIV and an exercised call allows one to buy 100 shares of CCIV. If the Company is unable to complete a Business Combination within the Combination Window and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. By using our Services, you agree to our use of cookies.Learn More. The great thing about this one is puts at any strike pay. Find the latest SEC Filings data for Churchill Capital Corp IV Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share (CCIV.WS) at Nasdaq.com. Stock analysis for churchill capital corp iv (cciv/u:new york) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The exercise price and number of shares of Class A common stock issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, or recapitalization, reorganization, merger or consolidation. I do not know if cashless redemption applies to CCIV. https://www.sec.gov/Archives/edgar/data/1811210/000110465920083464/tm2020647-6_s1.htm#tDOS, Place to discuss CCIV and potential acquisition target Lucid motors. Already up 250 % - do I dump now and take profit or let it go a little longer. 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. Warrants — Public Warrants may only be exercised for a whole number of shares. Bench warrants are issued on behalf of the court when an individual fails to appear in court. See today's top traded index and single stock structured warrants in Singapore Warrants. There is a possibility of cashless redemption whereby you get commons equivalent to what warrants are worth. Says the expiration is 8/04/25. Made a tidy profit on the 3/19 and 4/16 $20s and now in the $15 3/19s and even some $10 3/19s. Warrant Redemption and Cost: ©2021 Churchill Capital II, All Rights Reserved. CCIV Public Warrants: SEC Legal Definitions/Actions, https://www.sec.gov/Archives/edgar/data/1811210/000110465920104415/tm2030070d1_10q.htm, https://www.fool.com/investing/general/2014/09/11/investing-essentials-stock-warrants.aspx, https://www.fool.com/investing/2021/01/06/spac-warrants-101-what-investors-need-to-know/. PTK Acquisition Corp. Warrants, each whole warrant exercisable for one half (1/2) of a share of Common Stock at an exercise price of $11.50 Shell Companies $11.50 However, the warrants will not be adjusted for issuance of Class A common stock at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. Those units not separated will continue to trade on the New York Stock Exchange under the symbol "CCIV.U". Dave Portnoy Buys CCIV Stock After “Billion People” Told Him To Do So. After a merger any changes to share allocation for warrants, common shares and options should move in lock-step under a new ticker symbol. cciv ws New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). US:CCIV.WS / Churchill Capital Corp IV Warrants, each exercisable for one share of Class A common stock at an exe - Warrant Price Quote and News. Additional Warrant Information for new commers: Tap on the company to see the details, SPAC leadership info etc. Daily SPAC rankings, searchable SPAC list with target company details. Alright can you explain this to someone who found out about warrants 48 minutes ago? Truly amazing arbitrage opportunity between CCIV shares ($32.50) and CCIV warrants ($13.00). Press question mark to learn the rest of the keyboard shortcuts. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Warrants tend to trade at a discount relative to their intrinsic value, while also exhibiting significant leverage as derivatives. Please discuss what it means in the comments: Source:https://www.sec.gov/Archives/edgar/data/1811210/000110465920104415/tm2030070d1_10q.htm. What happens to the warrants if the class A stock requirement >$18 for 20/30 trading days before redemption notice is not met? No fractional warrants will be issued upon separation of the Units and only whole warrants will trade. 16. This security was issued by Churchill Capital Corp IV Class A, whose common stock symbol is CCIV . The Company has agreed that as soon as practicable, but in no event later than 15 business days after the closing of a Business Combination, the Company will use its best efforts to file with the SEC, and within 60 business days following a Business Combination to have declared effective, a registration statement covering the issuance of the shares of Class A common stock issuable upon exercise of the warrants and to maintain a current prospectus relating to those shares of Class A common stock until the warrants expire or are redeemed. While most civil warrants do not result in an arrest warrant, a judge can issue a bench warrant for a civil case. Enjoy and if you have better links share. Warrants tend to trade at a discount relative to their intrinsic. Hey Seeking Alpha, we are not a subreddit of WSB (wtf are you thinking? The Company will not be obligated to deliver any shares of Class A common stock pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless a registration statement under the Securities Act covering the issuance of the shares of Class A common issuable upon exercise of the warrants is then effective and a current prospectus relating to those shares of Class A common stock is available, subject to the Company satisfying its obligations with respect to registration. How does it work if I bought 4 of them and decided to sell them in 2 years? Warrants : CCIV WS : ... 2020, in each case, under the heading “Risk Factors,” and other documents of CCIV filed, or to be filed, with the SEC. Once the warrants become exercisable, the Company may redeem the Public Warrants: •in whole and not in part;•at a price of $0.01 per warrant;•upon a minimum of 30 days’ prior written notice of redemption, or the 30-day redemption period, to each warrant holder; and•if, and only if, the closing price of the Company’s Class A common stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which we send the notice of redemption to the warrant holders. What happens say we bought warrants and then they want to redeem them and we don't have the cash on hand? Accordingly, the warrants may expire worthless. Pursuant to the Initial Public Offering, the Company sold 207,000,000 Units, which includes the full exercise by the underwriters of their option to purchase an additional 27,000,000 Units, at $10.00 per Unit. Churchill capital corp iv is primarely in the business of blank checks. Class A ordinary shares and warrants that are separated will trade on the New York Stock Exchange under the symbols “CCIV” and “CCIV WS,” respectively. The document below is in chronological from the document in page/section numbers. Most probably they will be called for redemption at that time you pay $11.50 per warrant and get commons. re: CCIV/Lucid Motors merger rumors floating around Posted by LSUfonte on 2/18/21 at 12:40 pm to CecilShortsHisPants Need advice: I have 3/19 $50 call option. I do not know if cashless redemption applies to CCIV. Overview. Warrants are issued by companies, giving the holder the right but not the obligation to buy a security at a particular price. Those units not separated will continue to trade on the New York Stock Exchange under the symbol “CCIV.U”. View 13F filing holders of Churchill Capital Corp IV Warrants each exercisable for one share of Class A common stock at an exercise price of $11.50 per share. Each Unit consists of one share of Class A common stock and one-fifth of one redeemable warrant (“Public Warrant”). Accordingly, my position is already enjoying massive gains. Churchill Capital Corp IV, a special purpose acquisition company (SPAC) run by former Citigroup banker Michael Klein, raised the size of its initial public offering (IPO) to $1.5 billion. Trading tools and stock market updates, all in one place. Each whole Public Warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment (see Note 7).