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Lucid (LCID)

Filed: 14 May 21, 5:23pm

Exhibit 99.1

 

 

Guggenheim Securities, LLC

330 Madison Avenue

New York, New York 10017

GuggenheimPartners.com

 

May 14, 2021

 

The Board of Directors

Churchill Capital Corp IV

640 Fifth Avenue, 12th Floor

New York, NY 10019

 

Re:      Consent for Fairness Opinion Disclosure

 

Members of the Board:

 

Guggenheim Securities, LLC (“Guggenheim Securities”) hereby consents to (i) the inclusion of our opinion letter dated February 22, 2021 (the “Opinion”) to the Board of Directors of Churchill Capital Corp IV (“CCCIV”) as Annex I to the proxy statement/prospectus that is being filed on or promptly after the date hereof with the Securities and Exchange Commission in connection with the proposed merger involving CCCIV, Air Merger Sub, Inc. (a wholly owned subsidiary of CCCIV), and Atieva, Inc. d/b/a Lucid Motors (“Lucid”), which proxy statement/prospectus forms a part of the Registration Statement on Form S-4 of CCCIV that is being filed on or promptly after the date hereof with the Securities and Exchange Commission, (ii) the references therein to Guggenheim Securities and (iii) the inclusion therein of (a) the summaries of and excerpts from the Opinion, (b) the description of certain financial analyses underlying the Opinion and (c) certain terms of our engagement by CCCIV.

 

By giving such consent, Guggenheim Securities does not thereby admit that we are experts with respect to any part of such proxy statement/prospectus within the meaning of the term “expert” as used in, or that we come within the category of persons whose consent is required under, the Securities Act of 1933 or the Securities Exchange Act of 1934, each as amended, or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.

 

 Very truly yours,
   
 GUGGENHEIM SECURITIES, LLC
   
   
 By:/s/ Eric Rutkoske
  Eric Rutkoske
  Senior Managing Director