Lucid Group refutes bankruptcy rumors, affirms sufficient liquidity

Lucid Group, Inc. issued a statement refuting recent rumors about its financial stability and potential bankruptcy. The company clarified that it possesses sufficient liquidity to sustain operations well into the next year, as previously disclosed in its quarterly filings. Furthermore, Lucid stated that no special Board committee has been formed to explore the scenarios reported, and AlixPartners' role is limited to assisting with operational execution, not bankruptcy recommendations.