---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-052593"
form_type: "8-K"
ticker: "LCID"
cik: "0001811210"
company_name: "Lucid Group, Inc."
filed_at: "2025-11-17T23:59:59+00:00"
generated_at: "2026-05-16T19:21:52.906129+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lucid prices $875M (upsized to $975M) of 7% convertible notes due 2031, repurchases $755.7M of 2026 notes

## Summary
- Net proceeds ~$962.4M after full exercise of $100M option; used $752.2M to repurchase $755.7M of 1.25% notes due 2026.
- Initial conversion price $20.81/share (22.5% premium over Nov 11 close of $16.99); notes mature Nov 1, 2031.
- 7.00% interest, semi-annual; redeemable after Nov 6, 2028 at option if stock price exceeds 130% of conversion price.
- Ayar (PIF subsidiary) entered prepaid forward to purchase ~$636.7M of LCID common stock, settled near note maturity.
- Remaining net proceeds to be used for general corporate purposes; notes offered in Rule 144A private placement.

## SEC filing metadata
- accession: 0001628280-25-052593
- form_type: 8-K
- ticker: LCID
- cik: 0001811210
- company_name: Lucid Group, Inc.
- filed_at: 2025-11-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811210/000162828025052593/0001628280-25-052593-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811210/000162828025052593/lcid-20251111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-052593
- JSON: https://secwatch.observer/filing/0001628280-25-052593.json
- Plain text: https://secwatch.observer/filing/0001628280-25-052593.txt

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