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,
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.
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 shares drop on 262M stock offering
The company also said its majority stockholder, Ayar Third Investment Company, an affiliate of Saudi Arabia's Investment Fund, intends to purchase more than 374M shares in a private placement at the same time as the public offering of stock. This purchase ...
Lucid Stock Is Tumbling Wednesday: What's Driving The Action?
Lucid Group shares are trading lower in Wednesday's after-hours session after the company announced an offering and corresponding investment from an affiliate of the Public Investment Fund (PIF).
Lucid stock tumbles following public offering of nearly 262.5 million shares
Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."
Lucid Shares Plunge on Stock Sale
Lucid stock plunged on news that it would sell stock to raise cash. The electric vehicle maker's prospects don't look good. Here's why.
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 ...
Arabian Business2h
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 ...
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 ...
Why Lucid Group Stock Is Plunging Today
Lucid Group stock is spiraling Thursday after the EV maker said it is selling stock to raise cash. Here's why that's ...
Why Lucid (LCID) Shares Are Falling Today
Real-time index price for Nasdaq 100 [TR] (XNDX), along with buy or sell indicators, analysis, charts, historical performance, news and more ...
Al Bawaba News21h
Barış Arduç and Hande Erçel reunite again on Disney Plus series "Reminder" after collaboration in Rüzgâra Bırak
ALBAWABA - This is the second collaboration between Barış Arduç and Hande Erçel, who co-starred in the summer film 'Rüzgâra ...
ET Auto20h
EV maker Lucid expects to raise USD 1.67 bn from stock sale
Lucid expects to report a loss from operations in the range of USD 765 million to USD 790 million for the quarter ended Sept.