---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-031187"
form_type: "8-K"
ticker: "LCID"
cik: "0001811210"
company_name: "Lucid Group, Inc."
filed_at: "2025-04-02T23:59:59+00:00"
generated_at: "2026-05-23T23:54:25.580942+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lucid announces proposed $1B convertible notes offering due 2030

## Summary
- Proposed $1,000M aggregate principal convertible notes due 2030; initial purchasers may buy additional $100M within 13 days.
- Net proceeds to repurchase portion of outstanding 1.25% Convertible Senior Notes due 2026 and pay for capped call transactions.
- Capped call transactions expected to reduce potential dilution upon conversion; Ayar (PIF subsidiary) enters prepaid forward to facilitate investor hedging.
- Notes will be senior unsecured, interest semi-annual, maturity April 1, 2030; conversion/redemption terms set at pricing.

## SEC filing metadata
- accession: 0001104659-25-031187
- form_type: 8-K
- ticker: LCID
- cik: 0001811210
- company_name: Lucid Group, Inc.
- filed_at: 2025-04-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811210/000110465925031187/0001104659-25-031187-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811210/000110465925031187/tm2510999d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-031187
- JSON: https://secwatch.observer/filing/0001104659-25-031187.json
- Plain text: https://secwatch.observer/filing/0001104659-25-031187.txt

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