Lucid Group Inc.’s stock LCID slid 10% premarket Thursday, after the maker of luxury electric vehicles announced plans for an underwritten public offering of stock and a separate private placement to raise about $3.0 billion in gross proceeds. In a filing with the securities and exchange commission, Lucid said hat it plans to issue 173.5 million shares with BofA Securities acting as sole underwriter.
’s stock LCID slid 10% premarket Thursday, after the maker of luxury electric vehicles announced plans for an underwritten public offering of stock and a separate private placement to raise about $3.0 billion in gross proceeds. In a filing with the securities and exchange commission, Lucid said hat it plans to issue 173.5 million shares with BofA Securities acting as sole underwriter.