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,
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.
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 stock tanking as EV maker announces share sale ahead of SUV launch
Lucid Motors 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 electric SUV.
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’s stock takes a dive after EV maker warns of larger losses
Lucid’s stock took a deep dive in early Thursday trading, after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecasts.
Lucid Stock Tumbles 15%. EV Maker Plans Huge Share Sale, Sees Wider Losses.
The company plans a substantial public stocks offering and projects a wider-than-expected loss for the third quarter.
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 ...
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 ...
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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 ...