As Michael Klein negotiated one of the biggest deals ever by a blank-check company, familiar faces sat across the table.
Many of the same bankers Klein worked with during his two-decade stint at Citigroup Inc. were involved in talks this week between electric-vehicle startup Lucid Motors Inc., which the bank advised, and Klein’s blank-check company, Churchill Capital Corp. IV. Lucid agreed to go public by merging with Klein’s firm in a deal valuing the company at $24 billion.
