$Churchill Capital Corp IV(CCIV)$the valuation in Jan was $15b previously, and the market valuation was $60b, $60 ÷ $15 = 4x
share price $10× 4 = $40
Feb valuation was $12b, $60 ÷ $12 = 5x
share price $10 × 5 = $50
but when the news announced that the valuation was $24 bil, $60 ÷ $24 = 2.5
share price $10 × 2.5 = $25
also, the $12b PIPE was valued at $15/share.
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