Lucid Group to Raise $291.5M via Stock Offering

Lucid Group, Inc. has entered into an underwriting agreement with BofA Securities, Inc. for the issuance and sale of its Class A common stock. This offering is anticipated to generate approximately $291.5 million in net proceeds for the company. The shares will be offered from time to time across various market channels, including the Nasdaq Global Market, under a previously filed shelf registration statement.