secwatch.observer — SEC 8-K summary
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Issuer:     Lucid Group, Inc. (LCID)
CIK:        0001811210
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001628280-24-037638
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811210/000162828024037638/0001628280-24-037638-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811210/000162828024037638/lcid-20240816.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-037638

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer