---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-051357"
form_type: "8-K"
ticker: "LCID"
cik: "0001811210"
company_name: "Lucid Group, Inc."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:24:13.369193+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lucid launches $875M convertible notes offering due 2031; also to repurchase portion of 2026 notes

## Summary
- Offers $875M (plus up to $100M greenshoe) of convertible senior notes due Nov 2031; interest rate & conversion price to be set at pricing.
- Net proceeds to repurchase portion of outstanding 1.25% convertible notes due 2026 and for general corporate purposes.
- PIF's subsidiary Ayar to enter prepaid forward transaction with forward counterparty, facilitating investor hedging and potentially raising conversion price.
- Notes are senior unsecured, redeemable after Nov 6, 2028 if stock price exceeds 130% of conversion price; settlement in cash/stock at Lucid's election.
- Offering is private to QIBs under Rule 144A; not registered under Securities Act.

## SEC filing metadata
- accession: 0001628280-25-051357
- form_type: 8-K
- ticker: LCID
- cik: 0001811210
- company_name: Lucid Group, Inc.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811210/000162828025051357/0001628280-25-051357-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811210/000162828025051357/lcid-20251111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-051357
- JSON: https://secwatch.observer/filing/0001628280-25-051357.json
- Plain text: https://secwatch.observer/filing/0001628280-25-051357.txt

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