Lucid Group executes 1-for-10 reverse stock split

Lucid Group Inc. (NASDAQ: LCID) completed a reverse stock split at a 1-for-10 ratio on August 29, 2025, with the amendment to its corporate charter taking effect at 5:00 p.m. Eastern Time.

The electric vehicle manufacturer's common stock will begin trading on a split-adjusted basis at market open on September 2, 2025, under the existing "LCID" symbol. The new CUSIP number for the common stock is 549498 202.

The reverse stock split reduces the number of outstanding shares from approximately 3.07 billion to approximately 307.3 million, subject to adjustments for fractional shares. The company also reduced its authorized shares from 15 billion to 1.5 billion to reflect the split.

Stockholders approved the reverse stock split proposal at a special meeting held on August 18, 2025. The company's board of directors approved the action on August 19, 2025.

The split affects all stockholders uniformly without altering ownership percentages or voting power, except for minimal changes from fractional share elimination. No fractional shares will be issued, with affected stockholders receiving cash payments based on their pro rata portion of proceeds from selling aggregated fractional shares at prevailing market prices.

The reverse stock split applies to common stock issuable from outstanding preferred stock, stock options, equity awards, warrants and convertible notes, with proportionate adjustments made to exercise or conversion prices. The company's capped calls and equity compensation plan reserves will also receive proportionate adjustments.

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