Lucid CEO defends $1.75 billion capital raise following stock drop

DETROIT — Investors misinterpreted a public offering on Wednesday by Lucid Group that raised roughly $1.75 billion — and led to the stock's worst daily performance in nearly three years, …


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Lucid CEO Defends $1.75 Billion Capital Raise Following Stock Drop

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DETROIT — Investors misinterpreted a public offering on Wednesday by Lucid Group that raised roughly $1.75 billion — and led to the stock's worst daily performance in nearly three years, …

msn.com

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Lucid CEO Defends $1.75 Billion Capital Raise Amid Stock Decline

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Oct 23, 2024  · Lucid Group’s CEO, Peter Rawlinson, defended the company’s recent decision to raise $1.75 billion through a public offering after the move triggered an 18% stock drop last …

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Lucid CEO Defends $1.75 Billion Capital Raise After Stock Plunge

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Oct 22, 2024  · Lucid CEO Peter Rawlinson clarified that Wall Street misunderstood the company’s recent $1.75 billion capital raise, a move that led to a significant drop in Lucid’s …

nextunicorn.ventures

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Lucid CEO Defends $1.75 Billion Capital Raise Amid Stock Drop

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Oct 22, 2024  · Misunderstandings Around the Fundraising Move Lucid Group’s CEO, Peter Rawlinson, is speaking out after the company’s recent announcement of a $1.75 billion capital …

investorwelcome.com

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Lucid CEO Says Wall Street Misinterpreted $1.75 Billion Capital …

2 weeks from now

DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — …

msn.com

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Lucid CEO Says Wall Street Misinterpreted $1.75 Billion Capital Raise

2 weeks from now

Oct 22, 2024  · DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly …

wallstreetknight.com

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Lucid CEO Defends $1.75 Billion Capital Raise Following Stock Drop

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Oct 22, 2024  · Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.

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Lucid Shares Fall To 4-Month Low After Unexpected $1.75 Billion …

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Oct 23, 2024  · Last week, Lucid Motors announced a 262 million stock offering to raise about $1.75 billion. Since the announcement, the stock has fallen about 24%, extending its year-to …

eletric-vehicles.com

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Lucid Capital Raise Should Be 'Zero Surprise To Anyone,' CEO Says

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Oct 24, 2024  · Shares of luxury EV maker Lucid dropped after the company announced a nearly $1.75 billion capital raise last week.

benzinga.com

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"Lucid CEO Clarifies Misinterpretation Of $1.75 Billion Capital Raise ...

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Oct 21, 2024  · Lucid Motors CEO Peter Rawlinson recently addressed the concerns and misconceptions surrounding the company’s recent public offering that raised approximately …

billionaire-boss.com

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Lucid Group CEO Defends Recent Capital Raise, Cites Financial …

2 weeks from now

Oct 24, 2024  · Introduction: Lucid Group, Inc. (LCID), a leading electric vehicle (EV) manufacturer, recently surprised investors with a $1.75 billion capital raise through a public …

ainvest.com

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Lucid CEO: Wall Street Misunderstood $1.75B Capital Raise

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Oct 23, 2024  · T he CEO of Lucid Group, a prominent electric vehicle (EV) manufacturer, has clarified recent concerns raised by investors regarding the company’s $1.75 billion capital …

theceopublication.com

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Lucid CEO Defends $1.75 Billion Capital Raise Following Stock Drop

2 weeks from now

DETROIT — Investors misinterpreted a public offering on Wednesday by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years, …

dongkukgaehoae.com

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Lucid CEO Says Wall Street Misinterpreted $1.75 Billion Capital …

2 weeks from now

Lucid last week said the public offering was expected to raise about $1.67 billion, with a 30-day option for underwriter BofA Securities to purchase up to nearly 39.37 million additional shares …

stockxpo.com

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Lucid Capital Raise Should Be 'Zero Surprise To Anyone,' CEO Says

2 weeks from now

Oct 24, 2024  · Shares of luxury EV maker Lucid Group NASDAQ:LCID dropped after the company announced a nearly $1.75 billion capital raise last week. Lucid CEO Peter Rawlinson …

tradingview.com

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Lucid CEO Says Wall Street Misinterpreted $1.75 Billion Capital …

2 weeks from now

Oct 21, 2024  · DETROIT — Investors misinterpreted a public offering on Wednesday by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in …

biznewsportal.com

FAQs about Lucid CEO defends $1.75 billion capital raise following stock drop Coupon?

Why did lucid group raise $175 billion?

Lucid Group announced a public offering last week to raise roughly $1.75 billion. CEO Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans. ...

Was lucid group's public offering causing a stock's worst performance in 3 years?

D ETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter Rawlinson told CNBC. ...

Was lucid group's public offering a bad idea?

DETROIT — Investors misinterpreted a public offering on Wednesday by Lucid Group that raised roughly $1.75 billion — and led to the stock's worst daily performance in nearly three years, CEO Peter Rawlinson told CNBC. ...

How much will lucid raise in a public offering?

Lucid last week said the public offering was expected to raise about $1.67 billion, with a 30-day option for underwriter BofA Securities to purchase up to nearly 39.37 million additional shares of Lucid's common stock as well. Lucid has reported record deliveries in 2024 of its current model, an all-electric sedan called Air. ...

Who owns lucid stock?

Wednesday's announcement was made in conjunction with plans for Lucid's majority stockholder and affiliate of PIF, Ayar Third Investment Co., to purchase more than 374.7 million shares of common stock from Lucid to maintain its roughly 59% ownership of the company. ...

Should investors be worried about lucid's dilution?

It’s something the PIF has routinely done with Lucid. Individual investors were likely concerned by share dilution following the action, but Rawlinson said the continued support of the PIF should be viewed as a positive. “I think it’s been misinterpreted and misreported,” Rawlinson said. ...

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