LCID Jan 2025 5.500 call
- Yahoo Finance
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.
- Yahoo Finance Video
Lucid shares sinking on Q3 loss forecast, stock offering
Shares of Lucid Group (LCID) are plummeting Thursday following two significant announcements. First, the electric vehicle manufacturer projected a wider-than-expected third quarter loss. Second, the company revealed plans for a public stock offering of nearly 262.5 million additional shares, which could raise approximately $1.67 billion. Yahoo Finance Autos Reporter Pras Subramanian breaks down the details of these developments. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
- StockStory
Why Lucid (LCID) Shares Are Falling Today
Shares of luxury electric car manufacturer Lucid (NASDAQ:LCID) fell 19.5% in the morning session after the company announced an underwritten public offering of roughly 262 million shares of its common stock. Separately, majority stockholder Ayar Third Investment Company, an affiliate of Saudi Arabia's Public Investment Fund, agreed to buy 375 million shares of common stock from Lucid in a private placement. Following the deal, Ayar is expected to maintain approximately 58.8% ownership of Lucid's
