8-K
filed April 14, 2026, 7:59 PM ET
ticker LCID
CIK 0001811210
other material
confidence high
sentiment positive
materiality 0.90
Lucid secures $750M from PIF and Uber, agrees to 25,000 robotaxi production, reports preliminary Q1 results
Lucid Group, Inc.
- Ayar (PIF affiliate) invests $550M in convertible preferred stock; Uber subsidiary invests $200M in common stock.
- Uber agrees to purchase minimum 25,000 Lucid Midsize robotaxis under Second VPA, starting late 2028.
- DDTL credit facility increased by $500M to $2.5B; minimum liquidity covenant removed.
- Preliminary Q1 2026 revenue estimated $280M-$284M, loss from ops $985M-$1,005M, total liquidity $3.16B.
- Produced 5,500 vehicles, delivered 3,093 in Q1; reaffirmed 2026 production guidance of 25,000-27,000 vehicles.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Lucid Group, Inc. issued 55,000 shares of preferred stock to Ayar Third Investment Company for $550 million.
- Security
- preferred stock
- Shares
- 55,000 shares
- Purchaser
- Ayar Third Investment Company
- Consideration
- $550 million
Exact text from the filing
”) announced that (i) Lucid’s majority stockholder, Ayar Third Investment Company (“ Ayar ”), an affiliate of the Public Investment Fund (“ PIF ”), has agreed to purchase $550 million of Lucid’s Series C Convertible Preferred Stock, par value $0.0001 per share (the “ Convertible Preferred Stock ”), in a private placement (the “ PIF Private Placement ”); and
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Lucid Group, Inc. issued preferred stock.
- Security
- preferred stock
Exact text from the filing
The Convertible Preferred Stock will rank senior to the Common Stock with respect to dividends and distributions of assets upon the Company’s liquidation, dissolution or winding up.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Lucid Group, Inc. issued 24,038,462 shares of common stock to SMB Holding Corporation for $200 million.
- Security
- common stock
- Shares
- 24,038,462 shares
- Purchaser
- SMB Holding Corporation
- Consideration
- $200 million
Exact text from the filing
in a private placement (the “ PIF Private Placement ”); and (ii) SMB Holding Corporation (“ SMB ”), a subsidiary of Uber Technologies, Inc. (“ Uber ”), has agreed to purchase $200 million of Lucid’s Class A common stock, par value $0.0001 per share (the “ Common Stock ”), in a private placement (the “ Uber Private Placement ”) in connection with the Second VPA (as
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Lucid Group, Inc. amended Seventh IRA Amendment with Ayar Third Investment Company valued at Registration rights (effective 2026-04-14).
- Action
- amendment
- Agreement
- equity purchase
- Counterparty
- Ayar Third Investment Company
- Value
- Registration rights
- Effective
- 2026-04-14
Exact text from the filing
In connection with the PIF Private Placement, the Company will enter into an amendment to the Investor Rights Agreement (the “ Seventh IRA Amendment ”) with Ayar.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Lucid Group, Inc. entered into Uber Subscription Agreement with SMB Holding Corporation valued at $200,000,000 (effective 2026-04-14).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- SMB Holding Corporation
- Value
- $200,000,000
- Effective
- 2026-04-14
Exact text from the filing
SMB Holding Corporation (“ SMB ”), a subsidiary of Uber Technologies, Inc. (“ Uber ”), has agreed to purchase $200 million of Lucid’s Class A common stock, par value $0.0001 per share (the “ Common Stock ”), in a private placement (the “ Uber Private Placement ”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Lucid Group, Inc. entered into PIF Subscription Agreement with Ayar Third Investment Company valued at $550,000,000 (effective 2026-04-14).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Ayar Third Investment Company
- Value
- $550,000,000
- Effective
- 2026-04-14
Exact text from the filing
The PIF Private Placement was made pursuant to a subscription agreement, dated April 14, 2026 (the “ PIF Subscription Agreement ”), between Lucid and Ayar.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Lucid Group, Inc. entered into Second Vehicle Production Agreement with Uber Technologies, Inc. valued at Minimum commitment of 25,000 Lucid Midsize vehicles over six years (effective 2026-04-14).
- Action
- entry
- Agreement
- supply
- Counterparty
- Uber Technologies, Inc.
- Value
- Minimum commitment of 25,000 Lucid Midsize vehicles over six years
- Effective
- 2026-04-14
Exact text from the filing
On April 14, 2026, Uber and Lucid entered into a Second Vehicle Production Agreement (the “ Second VPA ”) under which Uber and its designated fleet operators have agreed to purchase a minimum commitment of 25,000 (the “ Minimum Quantity Guarantee ”) Lucid Midsize vehicles for use as robotaxis
View on SEC.gov
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