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EV maker Lucid expects to raise $1.67 billion from stock sale
(Reuters) -Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion. The stock sale as well as its latest warning of a bigger-than-expected loss for the third quarter sent Lucid shares down as much as 16.
Lucid stock tumbles following public offering to raise $1.67 billion
Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."
EV-maker Lucid Group's shares drop following operational losses
California-based Lucid Group's shares price dropped by 10% during after-hours trading Wednesday after announcing larger-than-expected operational losses during the third quarter.
EV maker Lucid expects to raise $1.67 bln from stock sale
Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion.
Lucid Shares Sink on Stock Sale, Loss Warning
Lucid shares dropped after the electric-vehicle maker said it would shore up its finances by issuing new stock and warned of a larger-than-expected loss. The carmaker plans to sell more than 260 million shares in a public offering,
Lucid sees bigger losses ahead, and its stock drops 12%
Shares of Lucid Group Inc. fall 12% in the extended session Wednesday after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecast.
Lucid Stock Tumbles 15%. EV Maker Plans Huge Share Sale, Sees Wider Losses.
The company plans a substantial public stocks offering and projects a wider-than-expected loss for the third quarter.
Lucid stock tanking as EV-maker announces share sale ahead of SUV launch
Lucid Motors announced another capital raise via a share sale late Wednesday night as the California-based EV maker seeks further runway ahead of the release of its upcoming EV SUV.
1d
on MSN
Lucid Group Stock Tanks on Share Sale, Bigger-Than-Expected Projected Loss
Lucid Group announced it would be selling approximately 637 million shares in a public offering and to its largest ...
1d
Why Lucid Group Stock Is Going Downhill Today
Shares of Lucid Group ( LCID -15.24%) shifted into reverse Thursday after the electric vehicle (EV) maker announced a ...
3h
What in the World Happened to Lucid and Rivian Deliveries?
The third quarter of 2024 has brought a reversal, with Lucid deliveries soaring and Rivian slashing its full-year production ...
Hosted on MSN
14h
Lucid (NASDAQ:LCID) Is Outpacing Luxury EV Competitors, According to CEO
Lucid Group ($LCID) may be struggling right now, but according to CEO Peter Rawlinson, it is still outpacing many luxury EV ...
17h
on MSN
Why Lucid Motors, Nio, and Li Auto Stocks All Crashed This Week
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
21h
Lucid Group’s Strategic Potential and Capital Needs Justify Hold Rating Amid Revenue Challenges and Production Ramp-Up
Bank of America Securities analyst John Murphy has reiterated their neutral stance on LCID stock, giving a Hold rating yesterday. John ...
1d
on MSN
Extremely unprofitable Bay Area carmaker Lucid grabs at $1.6 billion lifeline
Lucid, an extremely unprofitable Bay Area carmaker, is grabbing a $1.6 billion lifeline from investors, including the ...
Analysis
14h
Analysis
Is Lucid Group Nearing the Bottom? What Investors Should Know
The short interest in Lucid stock is down from its highs in 2021 but remains high at nearly 30%. Because there have been no bullish catalysts and the share sales are a dilutive influence, investors ...
2d
Lucid sparks selloff with plan for dilutive new stock sale, Q3 loss expectations
Electric vehicle maker Lucid Group said it anticipates to report a bigger-than-expected loss for the third quarter and ...
22h
Lucid Group announces pricing of public offering of common stock
Lucid Group announced that it priced its underwritten public offering of 262,446,931 shares of its common stock. The public ...
Zacks.com on MSN
2d
Lucid Group (LCID) Rises But Trails Market: What Investors Should Know
Lucid Group (LCID) concluded the recent trading session at $3.28, signifying a +0.31% move from its prior day's close.
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