Lucid files resale prospectus for preferred stock and common shares

Lucid Group, Inc. (NASDAQ: LCID) filed a prospectus supplement with the Securities and Exchange Commission to register for resale up to 55,000 shares of its Series C Convertible Preferred Stock, 51,651,489 shares of Class A Common Stock that may be issued upon conversion of that preferred stock as of June 30, 2026, and 24,038,462 shares of Class A Common Stock.

The company stated that no new shares will be issued or sold by Lucid in connection with the filing. The registration fulfills contractual obligations to two existing investors: Ayar Third Investment Company, an affiliate of the Public Investment Fund, which received the Series C Convertible Preferred Stock in a private placement, and SMB Holding Corporation, a subsidiary of Uber Technologies, Inc., which received shares of Class A Common Stock in a private placement.

Transfer restrictions apply to both parties. SMB Holding Corporation is restricted from transferring its shares until October 2027, while Ayar is restricted from transferring its Series C Convertible Preferred Stock and any Class A Common Stock issuable upon conversion until April 2027.

Lucid is based in Newark, Calif., and its shares trade on the Nasdaq exchange under the ticker LCID.

You May Also Be Interested In

• NextEra Energy plans investor meetings to discuss growth and Dominion deal
• Worthington Steel signs profit transfer deal with Kloeckner
• Smithfield Foods cuts Q3 outlook on fresh pork and hog price pressure