Lucid Group (LCID) Files Massive Shelf Offering, Stock Slips Lower

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Go back to Lucid Group (LCID) Files Massive Shelf Offering, Stock Slips Lower

Lucid Group Files Form S-3 Shelf Registration Statement

August 29, 2022 6:50 PM EDT

NEWARK, Calif., Aug. 29, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the award-winning Lucid Air, today announced that it has filed a "universal shelf" registration statement on Form S-3 with the Securities and Exchange Commission (the "SEC"). The registration statement would allow Lucid to raise up to an aggregate of $8 billion in primary capital in one or more offerings over the three years after the registration statement is declared effective by the SEC. These capital raises could include common stock,... More