---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-109677"
form_type: "8-K"
ticker: "LCID"
cik: "0001811210"
company_name: "Lucid Group, Inc."
filed_at: "2024-10-18T23:59:59+00:00"
generated_at: "2026-05-30T12:48:45.670143+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lucid raises ~$1.65B in combined public offering and private placement led by Ayar

## Summary
- Ayar Third Investment Company agrees to buy 374.7M shares for ~$971M in private placement; closing Oct 31, 2024.
- Lucid to issue 262.4M shares in public offering via BofA Securities for ~$680M net proceeds to company.
- Underwriter exercises overallotment option for additional 15.0M shares on Oct 17, 2024.
- Ayar to maintain ~58.8% ownership by purchasing proportionate shares; also buys from overallotment.

## SEC filing metadata
- accession: 0001104659-24-109677
- form_type: 8-K
- ticker: LCID
- cik: 0001811210
- company_name: Lucid Group, Inc.
- filed_at: 2024-10-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811210/000110465924109677/0001104659-24-109677-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811210/000110465924109677/tm2426052d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-109677
- JSON: https://secwatch.observer/filing/0001104659-24-109677.json
- Plain text: https://secwatch.observer/filing/0001104659-24-109677.txt

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