{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-068017","form_type":"8-K","ticker":"LCID","cik":"0001811210","company_name":"Lucid Group, Inc.","filed_at":"2023-06-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.755944+00:00","generated_at":"2026-06-14T07:30:01.709396+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Lucid raises $3B in equity: $1.8B private placement to Ayar and $1.2B public offering","bullets":["Ayar (PIF affiliate) to buy 265.7M shares for ~$1.8B, keeping ~60.5% ownership.","Public offering of 173.5M shares for ~$1.2B net proceeds via BofA Securities.","Total net proceeds ~$3.0B; private placement closing expected June 26, 2023.","Ayar receives registration rights for Placement Shares through Second IRA Amendment.","Funds to support Lucid's operations and growth; underwriter indemnification provided."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-068017","json":"https://secwatch.observer/filing/0001104659-23-068017.json","markdown":"https://secwatch.observer/filing/0001104659-23-068017.md","text":"https://secwatch.observer/filing/0001104659-23-068017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1811210/000110465923068017/0001104659-23-068017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1811210/000110465923068017/tm2317789d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T07:30:01.709396+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1608452386cd0a710ffd40280ec91135a189e7f5","claim":"Lucid Group, Inc. entered into Subscription Agreement with Ayar Third Investment Company valued at approximately $1.8 billion (effective 2023-05-31).","evidence_excerpt":"On May 31, 2023, Lucid Group, Inc. (the “ Company ”) entered into a subscription agreement, dated May 31, 2023 (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 ”), an affiliate of the Public Investment Fund and the Company’s majority shareholder.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000110465923068017/0001104659-23-068017-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Ayar Third Investment Company"},{"label":"Value","value":"approximately $1.8 billion"},{"label":"Effective","value":"2023-05-31"}],"fact_type":"material_agreement"},{"claim_id":"23a5268ba9aa73ffdef03d4a9f2c5d44b297e7ea","claim":"Lucid Group, Inc. amended Second IRA Amendment with Ayar Third Investment Company (effective 2023-05-31).","evidence_excerpt":"On May 31, 2023, concurrently with entering into the Subscription Agreement, the Company entered into an amendment to the Investor Rights Agreement (the “ Second IRA Amendment ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000110465923068017/0001104659-23-068017-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Ayar Third Investment Company"},{"label":"Effective","value":"2023-05-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}