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.
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 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 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
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 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 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 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.
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 ...
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 ...
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 ...
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 ...
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 ...
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Barış Arduç and Hande Erçel reunite again on Disney Plus series "Reminder" after collaboration in Rüzgâra Bırak
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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.
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 ...