Lucid Group’s stock slides 10% premarket after EV company announces $3 billion stock offering and private placement

Lucid Group Inc.’s stock LCID slid 10% premarket Thursday, after the maker of luxury electric vehicles announced plans for an underwritten public offering of stock and a separate private placement to raise about $3.0 billion in gross proceeds. In a filing with the securities and exchange commission, Lucid said hat it plans to issue 173.5 million shares with BofA Securities acting as sole underwriter.

’s stock LCID slid 10% premarket Thursday, after the maker of luxury electric vehicles announced plans for an underwritten public offering of stock and a separate private placement to raise about $3.0 billion in gross proceeds. In a filing with the securities and exchange commission, Lucid said hat it plans to issue 173.5 million shares with BofA Securities acting as sole underwriter.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CrowdStrike stock drops more than 10% after less-than-perfect earnings outlookCrowdStrike shares fell after hours Wednesday after a part of the cybersecurity company’s forecast range fell below the Wall Street consensus.
Source: MarketWatch - 🏆 3. / 97 Read more »