InvestmentApr 14, 2026, 08:01 AM
Lucid Group to Raise $291.5M via Stock Offering
AI Summary
Lucid Group, Inc. entered into an underwriting agreement with BofA Securities, Inc. on April 14, 2026, for the issuance and sale of its Class A common stock. This offering is expected to generate approximately $291.5 million in net proceeds for the company after expenses. The shares will be offered from time to time through various market transactions under a previously filed shelf registration statement.
Key Highlights
- Lucid Group to raise approximately $291.5 million in net proceeds.
- Funds raised through the issuance and sale of Class A common stock.
- Underwriting agreement signed with BofA Securities, Inc.
- Offering conducted under a shelf registration statement.