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Lucid Sparks Selloff With Plan for Dilutive New Stock Sale, Q3 Loss Expectations
(Reuters) -Electric vehicle maker Lucid Group said it anticipates to report a bigger-than-expected loss for the third quarter and announced a public offering of over 262 million shares, sending its shares down 12% in after-market trading on Wednesday.
EV maker Lucid expects to raise $1.67 billion from stock sale
(Reuters) -Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion. The stock sale as well as its latest warning of a bigger-than-expected loss for the third quarter sent Lucid shares down as much as 16.
Lucid stock tanking as EV-maker announces share sale ahead of SUV launch
Lucid Motors (LCID) stock is sliding after the EV-maker announced another capital raise via a share sale late Wednesday night, as the California-based EV maker seeks further runway ahead of the release of its upcoming EV SUV.
Lucid Shares Drops on Stock Sale, Loss Warning
Lucid shares sank after the electric-vehicle maker said it would shore up its finances by issuing new stock and warned of a larger-than-expected loss. The carmaker plans to sell more than 260 million shares in a public offering,
Lucid’s stock takes a dive after EV maker warns of larger losses
Shares of Lucid Group Inc. fall more than 10% in the extended session Wednesday after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecast.
Lucid expects wider-than-estimated Q3 loss on sluggish EV demand
Electric vehicle maker Lucid Group expects a wider-than-expected third-quarter loss amid high costs and sluggish demand, sending its shares down 10% in aftermarket trading on Wednesday.
EV-maker Lucid Group's shares drop following operational losses
California-based Lucid Group's shares price dropped by 10% during after-hours trading Wednesday after announcing larger-than-expected operational losses during the third quarter.
Lucid Group Shares Fall 12% on Wider Loss Guidance, Lower EV Deliveries
Shares of Lucid Group dropped 12% to $2.89 in postmarket trading after the company guided for significantly wider losses in the third quarter. The Newark, Calif.-based electric vehicle manufacturer said Wednesday it expects third-quarter losses of $765 million to $790 million from reported losses of $630.
EV-maker Lucid expects to raise $1.67 bln from stock sale
Cash-strapped electric vehicle maker Lucid said on Thursday a public offering of more than 262 million shares would likely fetch it $1.67 billion in proceeds.
Lucid Stock Tumbles 15%. EV Maker Plans Huge Share Sale, Sees Wider Losses.
The company plans a substantial public stocks offering and projects a wider-than-expected loss for the third quarter.
1h
Why Lucid Group Stock Is Going Downhill Today
Shares of Lucid Group ( LCID -15.24%) shifted into reverse Thursday after the electric vehicle (EV) maker announced a ...
2h
on MSN
Why Lucid Group Stock Is Plunging Today
Lucid Group stock is spiraling Thursday after the EV maker said it is selling stock to raise cash. Here's why that's ...
Electrek
3h
Here’s why Lucid’s (LCID) stock is crashing today
Lucid Motors (LCID) stock was down as much as 20% during Thursday’s pre-market after the company announced plans to sell ...
19h
Lucid Slumps on Plan to Sell 262.4 Million Shares
Lucid Group Inc. shares slid after the electric-vehicle maker said it plans to sell 262.4 million shares of common stock in a ...
6h
Lucid stock slides after pricing securities offering
Lucid Group (LCID) shares fell 17% after announcing a securities offering to raise $1.67B for corporate purposes, including ...
6h
on MSN
These Stocks Are Moving the Most Today: Taiwan Semiconductor, Nvidia, Expedia, Lucid, CSX, Alcoa, Netflix, and More
Taiwan Semiconductor posts third-quarter earnings that surged 54% to a record, Expedia jumps after a report says Uber has ...
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