secwatch.observer — SEC 8-K summary
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Issuer:     Lucid Group, Inc. (LCID)
CIK:        0001811210
Form:       8-K
Filed at:   2025-09-02T23:59:59+00:00
Accession:  0001811210-25-000022
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811210/000181121025000022/0001811210-25-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811210/000181121025000022/lcid-20250829.htm
  HTML page:      https://secwatch.observer/filing/0001811210-25-000022

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