EV maker Lucid selling more stock to raise cash ahead of SUV launch
Lucid Motors (LCID) announced another capital raise via a share sale late Wednesday night as the California-based EV maker seeks further runway ahead of the release of its upcoming EV SUV. Lucid said it will offer up to 262,
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 sells off common stock to raise capital
US carmaker Lucid Motors is looking to offer 262 million shares of common stock, hoping to raise up to 860 million dollars in capital. This comes as the company's losses in the third quarter may be larger than expected.
Lucid stock tanking as EV maker announces share sale ahead of SUV launch
Lucid Motors (LCID) stock is sliding after the EV-maker announced another capital raise via a share sale late Wednesday night, as the California-based EV maker seeks further runway ahead of the release of its upcoming EV SUV.
Lucid stock slides after pricing securities offering
Lucid Group (LCID) shares fell 17% after announcing a securities offering to raise $1.67B for corporate purposes, including capital expenditures.
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 Group announces pricing of public offering of common stock
Lucid Group announced that it priced its underwritten public offering of 262,446,931 shares of its common stock. The public offering is expected to close on or about October 18, 2024, subject to customary closing conditions.
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. 30, compared with analysts' estimates of USD 751.7 million, according to data compiled by LSEG.
Lucid stock tumbles following public offering to raise $1.67 billion
Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."
Lucid Shares Tumble 20% After Announcing Public Stock Offering Of Over 260 Million Shares
Shares of Lucid Group dropped 20% in premarket trading following an announcement of a public offering of over 260 million shares. The electric vehicle startup’s move comes alongside a deal with its largest shareholder,
Lucid (NASDAQ:LCID) Shares Plunge After Stock Offering and Preliminary Results
Shares of Lucid Group ($LCID) plunged about 18% in pre-market trading on Thursday after the electric vehicle (EV) company announced plans to sell
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PIF’s Ayar eyes new Lucid shares for SAR 1.3B
Ayar Third Investment Co., a subsidiary of the Public Investment Fund (PIF), intends to buy new shares from US automaker ...
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 ...
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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 ...
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Ayar Third Investment Company
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial ...
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 ...