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Lucid stock tumbles following public offering of nearly 262.5 million shares - CNBC

Retrieved on: 2024-10-17 13:22:55

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Lucid stock tumbles following public offering of nearly 262.5 million shares - CNBC. View article details on hiswai:

Summary

The article discusses Lucid Motors' public offering of shares to raise capital for general corporate purposes, involving its majority shareholder, Ayar Third Investment Co., linked to Saudi Arabia's Public Investment Fund. This is crucial for Lucid's electric vehicle advancements amid financial challenges.

Article found on: www.cnbc.com

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