---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-051606"
form_type: "8-K"
ticker: "LCID"
cik: "0001811210"
company_name: "Lucid Group, Inc."
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T02:22:22.592140+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lucid secures $550M private placement from PIF affiliate Ayar via Series C Convertible Preferred

## Summary
- Ayar purchased 55,000 shares of Series C Convertible Preferred Stock for $550M on April 28, 2026.
- Ayar is an affiliate of Saudi Arabia's Public Investment Fund (PIF), Lucid's majority shareholder.
- Issuance was exempt from registration under Securities Act Section 4(a)(2).
- Seventh Amendment to Investor Rights Agreement grants Ayar registration rights for the new shares.
- Certificate of Designations for Series C Convertible Preferred filed with Delaware Secretary of State.

## SEC filing metadata
- accession: 0001104659-26-051606
- form_type: 8-K
- ticker: LCID
- cik: 0001811210
- company_name: Lucid Group, Inc.
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811210/000110465926051606/0001104659-26-051606-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811210/000110465926051606/tm2611666d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-051606
- JSON: https://secwatch.observer/filing/0001104659-26-051606.json
- Plain text: https://secwatch.observer/filing/0001104659-26-051606.txt

## Source-grounded claims
- claim_id: 6102f77c9da8b71518cb6e80e752be73173dc6c1
  claim: Lucid Group, Inc. entered into Seventh IRA Amendment with Ayar Third Investment Company (effective 2026-04-28).
  evidence_excerpt: On the Closing Date, the Company entered into an amendment to the Investor Rights Agreement, dated as of February 22, 2021, by and among the Company, Ayar and the other parties thereto, as amended from time to time (the “ Investor Rights Agreement ” and the amendment, the “ Seventh IRA Amendment ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811210/000110465926051606/0001104659-26-051606-index.htm
- claim_id: 88a49cb33055f5c01db62fe880200fb80e187912
  claim: Lucid Group, Inc. entered into Subscription Agreement with Ayar Third Investment Company valued at $550,000,000 (effective 2026-04-14).
  evidence_excerpt: on April 14, 2026, Lucid Group, Inc. (the “ Company ”) entered into a subscription agreement (the “ Subscription Agreement ”) between the Company, and Ayar Third Investment Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811210/000110465926051606/0001104659-26-051606-index.htm

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