Lucid Group (LCID) Announces Public Offering of Common Stock and Corresponding Investment by an Affiliate of PIF for Aggregate Expected Gross Proceeds of Approximately $3.0 Billion

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/14/2026

1. ADBE
2. SPCX
3. USO
4. SPY
5. RH
6. NVDA
7. RKLB
8. MSFT
9. CRM
10. META

Go back to Lucid Group (LCID) Announces Public Offering of Common Stock and Corresponding Investment by an Affiliate of PIF for Aggregate Expected Gross Proceeds of Approximately $3.0 Billion

Lucid's (LCID) stock dips as automaker seeks $3B with help from Saudi's PIF

June 1, 2023 11:38 AM EDT

Shares of electric automaker, Lucid (NASDAQ: LCID) plummeted almost 15% at the open Thursday morning after the company announced after hours Wednesday that it plans to raise about $3 billion through a stock offering with nearly two-thirds of the funds coming from Saudi Arabia's Public Investment Fund (PIF).

Lucid announced that... More