---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-115976"
form_type: "8-K"
ticker: "LCID"
cik: "0001811210"
company_name: "Lucid Group, Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T04:21:12.044738+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lucid secures up to $915M equity investment from majority shareholder Ayar, plus $600M ATM facility

## Summary
- Subscription Agreement with Ayar (PIF affiliate) for up to $915M in common stock private placements through March 31, 2023.
- Ayar will purchase shares pro-rata at same price as public offerings, including at-the-market (ATM) sales under a new $600M Equity Distribution Agreement.
- Shares sold to Ayar subject to six-month lock-up (with customary exceptions) and registration rights under an amended Investor Rights Agreement.
- ATM facility with BofA, Barclays, and Citigroup; shares sold at market prices, commissions up to 2%.
- Funding supports Lucid's operations; Ayar's ownership percentage used as basis for pro-rata calculation (~60.4% as of Sept 30, 2022).

## SEC filing metadata
- accession: 0001104659-22-115976
- form_type: 8-K
- ticker: LCID
- cik: 0001811210
- company_name: Lucid Group, Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811210/000110465922115976/0001104659-22-115976-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811210/000110465922115976/tm2229867d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-115976
- JSON: https://secwatch.observer/filing/0001104659-22-115976.json
- Plain text: https://secwatch.observer/filing/0001104659-22-115976.txt

## Key facts
- Material Agreements
  Lucid Group, Inc. entered into Subscription Agreement with Ayar Third Investment Company valued at $915 million (effective 2022-11-08).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Ayar Third Investment Company
  - Value: $915 million
  - Effective: 2022-11-08
  source text: (the “Company”) entered into a Subscription Agreement, dated November 8, 2022 (the “Subscription Agreement”), between the Company and Ayar Third Investment Company, a single shareholder limited
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811210/000110465922115976/0001104659-22-115976-index.htm
- Material Agreements
  Lucid Group, Inc. entered into IRA Amendment with Ayar Third Investment Company (effective 2022-11-08).
  - Action: entry
  - Counterparty: Ayar Third Investment Company
  - Effective: 2022-11-08
  source text: 022 (the “Subscription Agreement”), between the Company and Ayar Third Investment Company, a single shareholder limited liability company organized under the laws of the Kingdom of Saudi Arabia (“Ayar”),
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811210/000110465922115976/0001104659-22-115976-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.