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Lucid Group (LCID) Files $7.4B Mixed Shelf

May 8, 2023 4:40 PM

Lucid Group (NASDAQ: LCID) has just filed the following:
Lucid Group, Inc. may from time to time offer and sell common stock, preferred stock, depositary shares representing preferred stock, debt securities, warrants, purchase contracts or units in one or more offerings of up to $7,400,017,750 in aggregate offering price. In addition, this prospectus relates to the issuance by us of up to 44,350,000 shares of the Company’s Class A common stock, par value $0.0001 per share (“common stock”), consisting of (a) 42,850,000 shares of common stock that are issuable upon exercise of the Private Placement Warrants (as defined below) and (b) 1,500,000 shares of common stock issuable upon exercise of the Working Capital Warrants (as defined below).


The prospectus also relates to the offer and resale from time to time by the selling securityholders named in this prospectus (the “Selling Securityholders”), or their permitted transferees, of (a) up to 1,161,947,946 shares of common stock, consisting of (i) 1,076,235,267 shares of common stock, including issued and outstanding shares of common stock, shares of common stock subject to vesting and/or exercise of the assumed Legacy Lucid Awards (as defined below) and shares of common stock issuable upon exercise of certain Private Placement Warrants and (ii) 85,712,679 shares of common stock issued to Ayar Third Investment Company (“Ayar”) pursuant to the Subscription Agreement, dated as of November 8, 2022 between the Company and Ayar (the “Subscription Agreement”) and (b) 7,221,921 warrants representing certain Private Placement Warrants.

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