Lucid Sparks Selloff With Plan for Dilutive New Stock Sale, Q3 Loss Expectations
(Reuters) -Electric vehicle maker Lucid Group said it anticipates to report a bigger-than-expected loss for the third quarter and announced a public offering of over 262 million shares, sending its shares down 12% in after-market trading on Wednesday.
Lucid Shares Drops on Stock Sale, Loss Warning
Lucid shares sank after the electric-vehicle maker said it would shore up its finances by issuing new stock and warned of a larger-than-expected loss. The carmaker plans to sell more than 260 million shares in a public offering,
Lucid’s stock takes a dive after EV maker warns of larger losses
Shares of Lucid Group Inc. fall more than 10% in the extended session Wednesday after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecast.
EV-maker Lucid Group's shares drop following operational losses
California-based Lucid Group's shares price dropped by 10% during after-hours trading Wednesday after announcing larger-than-expected operational losses during the third quarter.
Lucid expects bigger quarterly loss than estimated, plans stock offering
(Reuters) -Electric vehicle maker Lucid Group said it expects to report a bigger-than-expected loss for the third-quarter and announced a public offering of over 262 million shares, sending its shares down 12% in after-market trading on Wednesday.
Lucid Group Sees $1.67B in Proceeds from Stock Sale
PIF's purchase is contingent on Lucid completing the public stock sale. The public offering is expected to close on or about Oct. 18. Lucid said it expects to use the net proceeds from the offering and private placement by its majority shareholder for general corporate purposes,
Lucid Shares Plunge on Stock Sale
Lucid stock plunged on news that it would sell stock to raise cash. The electric vehicle maker's prospects don't look good. Here's why.
Lucid shares drop on 262M stock offering
Lucid Group (NASDAQ:LCID) plans to sell more than 262M new shares, according to a recent filing with the U.S. Securities and Exchange Commission. The offering will be conducted from time to time in one or more transactions.
Why Lucid Group Stock Is Going Downhill Today
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Lucid stock tanking as EV-maker announces share sale ahead of SUV launch
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EV-maker Lucid expects to raise $1.67 bln from stock sale
Cash-strapped electric vehicle maker Lucid said on Thursday a public offering of more than 262 million shares would likely ...
Why Lucid Group Stock Is Plunging Today
Lucid Group stock is spiraling Thursday after the EV maker said it is selling stock to raise cash. Here's why that's ...
EV maker Lucid selling more stock to raise cash ahead of SUV launch
Lucid Motors (LCID) announced another capital raise via a share sale late Wednesday night as the California-based EV maker ...
Lucid Slumps on Plan to Sell 262.4 Million Shares
Lucid Group Inc. shares slid after the electric-vehicle maker said it plans to sell 262.4 million shares of common stock in a ...
Lucid stock slides after pricing securities offering
Lucid Group (LCID) shares fell 17% after announcing a securities offering to raise $1.67B for corporate purposes, including ...
Lucid expects wider-than-estimated Q3 loss on sluggish EV demand
Electric vehicle maker Lucid Group expects a wider-than-expected third-quarter loss amid high costs and sluggish demand, ...
Lucid Group Faces Financial Challenges: Sell Rating Issued Amid Stock Dilution and Profitability Concerns
In a report released yesterday, Adam Jonas from Morgan Stanley maintained a Sell rating on Lucid Group (LCID – Research Report), with a ...
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