{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-038177","form_type":"8-K","ticker":"LCID","cik":"0001811210","company_name":"Lucid Group, Inc.","filed_at":"2024-03-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.632177+00:00","generated_at":"2026-06-04T08:36:50.229966+00:00","sec_items":["1.01","3.02","3.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Lucid raises $1B via convertible preferred stock sale to PIF affiliate Ayar","bullets":["Ayar purchases 100,000 shares of Series A Convertible Preferred Stock for $1,000,000,000.","Convertible into ~278.15M shares of common stock at initial conversion price of $3.5952/share.","Preferred stock carries 9% annual dividend, compounding quarterly, ranks senior to common.","Conversion permitted only if common closing price is at least $5.50; Ayar subject to 12-month lock-up.","Company may force conversion after third anniversary if stock price exceeds 200% of conversion price for 20 of 30 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-038177","json":"https://secwatch.observer/filing/0001104659-24-038177.json","markdown":"https://secwatch.observer/filing/0001104659-24-038177.md","text":"https://secwatch.observer/filing/0001104659-24-038177.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1811210/000110465924038177/0001104659-24-038177-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1811210/000110465924038177/tm249613d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:36:50.229966+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":"cc38cd3ed516f1cad37b1e5e3f690ed246a68770","claim":"Lucid Group, Inc. entered into Subscription Agreement with Ayar Third Investment Company valued at $1,000,000,000.00 (effective 2024-03-24).","evidence_excerpt":"On March 24, 2024, Lucid Group, Inc. (the “Company”) entered into a subscription agreement (the “Subscription Agreement”) between the Company and Ayar Third Investment Company","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000110465924038177/0001104659-24-038177-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":"$1,000,000,000.00"},{"label":"Effective","value":"2024-03-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}