Class A Common Stock, $0.0001 par value per share
- Symbol
- LCID
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Current Report · Items 8.01, 9.01 · 8-K
Lucid Group, Inc.
LCIDNASDAQEQUITYCurrent
Other Events
Item 8.01 Other Events. Underwriting Agreement On April 14, 2026, the Company entered into an underwriting agreement (the “ Underwriting Agreement ”), between the Company and BofA Securities, Inc.…
Company context
Lucid Group, Inc. (NASDAQ: LCID) is a technology company creating exceptional mobility experiences through innovation to drive the world forward. Built on Lucid’s proprietary technology and software defined vehicle architectures, the company’s lineup of award-winning vehicles brings Lucid’s “Compromise Nothing™” approach to premium segments of the global automotive market. Lucid designs and engineers its products in-house and assembles at its vertically integrated facilities in Arizona and Saudi Arabia, enabling continuous innovation across vehicles, software, and advanced driver assistance and autonomy-ready capabilities.
Current securities
Recent company filings
- Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet ArrangementOct 9, 2026
- Results of Operations and Financial ConditionOct 5, 2026
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsSep 11, 2026
- 4 filingSep 3, 2026
- Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD DisclosureAug 28, 2026
Registered securities in this filing
Lucid Group, Inc. · 8-K · Filed 2026-04-14
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
Underwriting Agreement
On April 14,
2026, the Company entered into an underwriting agreement (the “ Underwriting Agreement ”), between the Company
and BofA Securities, Inc. (the “ Underwriter ”), relating to the issuance and sale (the “ Offering ”)
of shares of the Company’s Class A common stock, par value $0.0001 per share (the “ Common Stock ”), for
aggregate net proceeds, after expenses, to the Company of approximately $291.5 million.
The Underwriter may offer the shares of Common Stock from time to time for sale in one or more transactions on the Nasdaq Global Market,
in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices
related to prevailing market prices or at negotiated prices. The Common Stock is being sold pursuant to a prospectus supplement, dated
April 14, 2026, and the accompanying prospectus, dated April 14, 2026, each filed with the Securities and Exchange Commission,
relating to the Company’s shelf registration statement on Form S-3ASR (File No. 333-295033).
The Company has agreed to indemnify the Underwriter against certain
liabilities, including certain liabilities under the Securities Act of 1933, as amended. If the Company is unable to provide the required
indemnification, the Company has agreed to contribute to payments the Underwriter may be required to make in respect of those liabilities.
In addition, the Underwriting Agreement contains customary representations, warranties and covenants of the Company.
The foregoing description of the Underwriting Agreement is not complete
and is qualified in its entirety by reference to the full text of such agreement, a copy of which is filed herewith as Exhibit 1.1
to this Current Report on Form 8-K and is incorporated herein by reference.
The legal opinion of Skadden, Arps, Slate, Meagher & Flom
LLP relating to the Common Stock sold pursuant to the Underwriting Agreement is filed as Exhibit 5.1 to this Current Report on Form 8-K.
A copy of the press release announcing the pricing of the Offering
is attached as Exhibit 99.1, and is incorporated into this Item 8.01 by reference.
Filed exhibits (1)
EX-99.1 4 tm2611666d3_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Lucid Group, Inc. Announces Registered Public Offering of Common Stock; Total Raise of Approximately $1.05 Billion with Previously Announced Investments from Uber and PIF Lucid prices its $300 million registered offering of common stock Uber to increase its total investments in Lucid to $500 million Ayar Third Investment Company, an affiliate of the Public Investment Fund, to purchase $550 million of Lucid’s convertible preferred stock Newark, Calif. - April 14, 2026 - Lucid Group, Inc. (NASDAQ: LCID), maker of the world’s most advanced electric vehicles, today announced pricing of its underwritten public offering of its common stock for gross proceeds of $300 million. The underwritten offering is expected to close on or about April 15, 2026, subject to customary closing conditions. As previously announced earlier today, Uber will increase its purchase commitment to at least 35,000 Lucid vehicles designed exclusively for use as part of Uber’s future global robotaxi service. Uber has also committed to an additional $200 million investment in Lucid, raising Uber’s total investments to $500 million to d…
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