Lucid Group effects 1-for-10 reverse stock split; authorized shares reduced to 1.5B

Lucid Group, Inc.

Reverse stock split at 1:10 ratio effective 5:00 p.m. ET on Aug 29, 2025.
Outstanding shares reduced from ~3.07B to ~307M; authorized shares from 15B to 1.5B.
Stock to trade on split-adjusted basis under symbol LCID starting Sept 2, 2025.
No fractional shares issued; stockholders receive cash for fractional shares.
Proportionate adjustments to equity awards, warrants, convertible notes, and capped calls.

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