Saudi-backed EV maker Lucid expects to raise $1.67bn from stock offering
The company expects to report a loss from operations in the range of $765mn to $790mn for the quarter ended September 30
Lucid Shares Tumble 20% After Announcing Public Stock Offering Of Over 260 Million Shares
Shares of Lucid Group dropped 20% in premarket trading following an announcement of a public offering of over 260 million shares. The electric vehicle startup’s move comes alongside a deal with its largest shareholder,
EV maker Lucid expects to raise $1.67 billion from stock sale
(Reuters) -Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion. The stock sale as well as its latest warning of a bigger-than-expected loss for the third quarter sent Lucid shares down as much as 16.
Lucid Group Stock Tanks on Share Sale, Bigger-Than-Expected Projected Loss
Lucid Group announced it would be selling approximately 637 million shares in a public offering and to its largest shareholder.
EV-maker Lucid Group's shares drop following operational losses
California-based Lucid Group's shares price dropped by 10% during after-hours trading Wednesday after announcing larger-than-expected operational losses during the third quarter.
Lucid Sparks Selloff With Plan for Dilutive New Stock Sale, Q3 Loss Expectations
(Reuters) -Electric vehicle maker Lucid Group said it anticipates to report a bigger-than-expected loss for the third quarter and announced a public offering of over 262 million shares, sending its shares down 12% in after-market trading on Wednesday.
Lucid Group Announces Public Offering, Private Placement Of Around $1.67 Bln Of Shares; Stock Down
Lucid Group, Inc. (LCID), an automaker, announced on Thursday that it has priced an underwritten public offering of 262.446 million
Lucid stock tanking as EV maker announces share sale ahead of SUV launch
Lucid Motors stock (LCID) is sliding after the electric vehicle maker announced another capital raise via a share sale late Wednesday night, as the California-based automaker seeks further runway ahead of the release of its upcoming electric SUV.
EV maker Lucid expects to raise $1.67 bln from stock sale
Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion.
Extremely unprofitable Bay Area carmaker Lucid grabs at $1.6 billion lifeline
Lucid, an extremely unprofitable Bay Area carmaker, is grabbing a $1.6 billion lifeline from investors, including the ...
Why Lucid Group Stock Is Going Downhill Today
Shares of Lucid Group ( LCID -15.24%) shifted into reverse Thursday after the electric vehicle (EV) maker announced a ...
Lucid Group Stock: Enough Is Enough
Lucid's stock is overvalued with a 2024 sales ratio of 9.2x, and profitability remains years away, making it a high-risk ...
Xscape is building multicolor lasers to connect chips within data centers
Xscape, a startup founded by Columbia professors, is developing lasers to drive the fiber-optic interconnects in datacenters.
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Here’s why Lucid’s (LCID) stock is crashing today
Lucid Motors (LCID) stock was down as much as 20% during Thursday’s pre-market after the company announced plans to sell ...
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Lucid shares drop on 262M stock offering
The company also said its majority stockholder, Ayar Third Investment Company, an affiliate of Saudi Arabia's Investment ...