Lucid (LCID) trades down following 3Q miss; Confirms revised production guidance
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Lucid Group, Inc. Announces $600 Million ATM Program and Additional Investment of up to $915 Million by an Affiliate of PIF
November 8, 2022 5:20 PM ESTNEWARK, Calif., Nov. 8, 2022 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID; "Lucid") announced today that it has entered into an "at-the-market" program pursuant to an equity distribution agreement, dated November 8, 2022, between the Company and BofA Securities, Inc., Barclays Capital Inc. and Citigroup Global Markets Inc. as managers. Under the at-the-market program, Lucid may sell up to $600 million of shares of its common stock through the managers. Such sales could be made through ordinary brokers' transactions, to or through a market maker, in privately negotiated transactions, in block trades, in transactions that are deemed to be "at-the-market... More
Lucid Announces Third Quarter 2022 Financial Results, On Track for Annual Production Guidance of 6,000 to 7,000 Vehicles
November 8, 2022 4:07 PM ESTRecord quarterly production of 2,282 vehicles, more than triple Q2On track for annual production guidance of 6,000 to 7,000 vehiclesQ3 revenue of $195.5M driven by customer deliveries of 1,398 vehicles in the quarterStrong demand with over 34,000 reservations, representing potential sales of over $3.2BAnnounced plans to open Project Gravity SUV reservations in early 2023
NEWARK, Calif., Nov. 8, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today... More
