Lucid secures $1.5B total financing from PIF affiliate via convertible preferred and delayed draw term loan

Lucid Group, Inc.

Ayar (PIF affiliate) to buy $750M Series B convertible preferred stock, convertible into ~171M shares at $4.3799/share.
Lucid also enters $750M unsecured delayed draw term loan from Ayar, maturing 2029, with SOFR+5.75% interest rate.
Preferred stock pays 9% PIK dividend; mandatory conversion possible after 3 years if stock hits 200% of conversion price.
Term loan includes $1B minimum liquidity covenant; no draws made as of filing date.
Ayar subject to 12-month lock-up on preferred shares; investor rights agreement amended for registration rights.

item 1.01 item 3.02 item 3.03 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001628280-24-034724
form_type: 8-K
ticker: LCID
cik: 0001811210
company_name: Lucid Group, Inc.
filed_at: 2024-08-05T23:59:59+00:00
discovered_at: 2026-05-14T18:03:14.612261+00:00
generated_at: 2026-05-31T13:12:31.591826+00:00
sec_items: ["1.01", "3.02", "3.03", "9.01"]
event_type: other_material
sentiment: neutral
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001628280-24-034724
json_url: https://secwatch.observer/filing/0001628280-24-034724.json
markdown_url: https://secwatch.observer/filing/0001628280-24-034724.md
text_url: https://secwatch.observer/filing/0001628280-24-034724.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1811210/000162828024034724/0001628280-24-034724-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1811210/000162828024034724/lcid-20240804.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

JSON Markdown Plain text

Comparable filings

DGAC

Disciplined Growth Acquisition Corp. closes $150M IPO on NYSE

DISCIPLINED GROWTH ACQUISITION Corp June 1, 2026, 4:15 PM ET other_material Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01

same SEC item: 1.01, 3.02, 9.01 same event type: other_material similar materiality

Filing page SEC filing

CITR

CitroTech exchanges all Series A Preferred for Series C Convertible; BoltRock gets board rights

CitroTech Inc. June 1, 2026, 4:15 PM ET other_material Items 1.01, 3.02, 9.01

same SEC item: 1.01, 3.02, 9.01 same event type: other_material similar materiality

Filing page SEC filing

ZSPC

zSpace restructures $12M debt via equity conversion; creates Series P-2 preferred

zSpace, Inc. June 1, 2026, 8:00 AM ET other_material Items 1.01, 1.02, 2.03, 3.02, 5.03, 9.01

same SEC item: 1.01, 3.02, 9.01 same event type: other_material similar materiality

Filing page SEC filing

KRMN

Selling stockholders price upsized secondary offering of 14M shares at $61/share for ~$854M gross proceeds

Karman Holdings Inc. June 1, 2026, 5:28 PM ET other_material Items 1.01, 7.01, 8.01, 9.01

same SEC item: 1.01, 9.01 same event type: other_material similar materiality

Filing page SEC filing

GIPR

Generation Income Properties prices $5.0M public offering of 23.8M shares and warrants at $0.21/unit

GENERATION INCOME PROPERTIES, INC. June 1, 2026, 5:27 PM ET other_material Items 1.01, 8.01, 9.01

same SEC item: 1.01, 9.01 same event type: other_material similar materiality

Filing page SEC filing

PECE

Peace Acquisition Corp closes IPO of 6M units at $10.00/unit, raising $60M

Peace Acquisition Corp. June 1, 2026, 5:16 PM ET other_material Items 3.02, 8.01, 9.01

same SEC item: 3.02, 9.01 same event type: other_material similar materiality

Filing page SEC filing

LOKV

Live Oak enters Forward Purchase Agreement to back Teamshares merger, up to 4M shares at ~$10.54

Live Oak Acquisition Corp. V June 1, 2026, 5:00 PM ET other_material Items 1.01, 9.01

same SEC item: 1.01, 9.01 same event type: other_material similar materiality

Filing page SEC filing

AIB

Blockchain Digital signs 15-yr, 65 MW electric agreement at CLT-01; 25 MW LOIs in pipeline

BlockchAIn Digital Infrastructure, Inc. June 1, 2026, 4:57 PM ET other_material Items 1.01, 7.01, 9.01

same SEC item: 1.01, 9.01 same event type: other_material similar materiality

Filing page SEC filing

Source: SEC EDGAR

accession 0001628280-24-034724

view filing index on sec.gov

view primary document

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.