---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-037638"
form_type: "8-K"
ticker: "LCID"
cik: "0001811210"
company_name: "Lucid Group, Inc."
filed_at: "2024-08-19T23:59:59+00:00"
generated_at: "2026-05-31T08:42:29.998053+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lucid raises $750M from PIF affiliate via Series B Convertible Preferred Stock

## Summary
- Ayar purchased 75,000 shares of Series B Convertible Preferred Stock for $750M on Aug 16, 2024.
- Shares are convertible into common stock; PIF affiliate remains majority shareholder.
- Fourth IRA Amendment grants registration rights for the new shares and waives prior registration deadline.

## SEC filing metadata
- accession: 0001628280-24-037638
- form_type: 8-K
- ticker: LCID
- cik: 0001811210
- company_name: Lucid Group, Inc.
- filed_at: 2024-08-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811210/000162828024037638/0001628280-24-037638-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811210/000162828024037638/lcid-20240816.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-037638
- JSON: https://secwatch.observer/filing/0001628280-24-037638.json
- Plain text: https://secwatch.observer/filing/0001628280-24-037638.txt

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