The X-News Explorer is the ultimate source of information for investors with an affinity for the stock market who want to get a quick and convenient overview of the current news situation of a listed company. Various newswire services are available here. If a news alert is displayed, you will find company news that may be of interest to you. This service is provided by PR-Newswire.
The first SUV ever to deliver everything consumers want in a vehicle without compromise:
The versatility of a full-size three-row luxury SUV, with space for adults and families to ride in comfort with all their gear.The performance and handling of a luxury sports car, with up to 828 hp, standard air suspension, and an available rear-axle steer system for superior maneuverability.Up to 450 miles of EPA-estimated driving range enabled by Lucid's next-generation proprietary EV tech – developed and manufactured in-house by Lucid.1One of the easiest and fastest possible charging experiences, allowing Plug & Charge convenience at superchargers with a built-in NACS charge port and nearly universal compatibility.Groundbreaking DC fast charging capable of adding 200 miles of range in less than 11 minutes.2Effortless, human-centric user experience with Lucid's intuitive UX 3.0 operating system, 34-inch 6K OLED touchscreen, and available augmented reality head-up display.NEWARK, Calif., April 11, 2025 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID), maker of the world's most advanced electric vehicles, today announced it has reached an agreement to acquire select facilities and assets in Arizona previously belonging to Nikola Corporation, subject to approval by the U.S. Bankruptcy Court for the District of Delaware. The transaction does not include the acquisition of Nikola's business, customer base, or technology related to Nikola's hydrogen fuel cell electric trucks.
$1.1B new convertible offering and repurchase of ~$1B principal of existing 1.25% convertible notes due in 2026.
New issue structured efficiently with PIF support from prepaid forward share purchase, 5-year maturity, and cappedcall overlay resulting in effective conversion price of $4.80.
NEWARK, Calif., April 8, 2025 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID), maker of the world's most advanced electric vehicles, today announced the closing of $1.1 billion aggregate principal amount of convertible senior notes due 2030 including the exercise in full of the option granted to the initial purchasers to purchase up to $100.0 million aggregate principal amount of notes.
NEWARK, Calif., April 3, 2025 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID) today announced the pricing of its offering of $1,000,000,000 aggregate principal amount of 5.00% convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The issuance and sale of the notes are scheduled to settle on or about April 8, 2025, subject to the satisfaction of customary closing conditions. Lucid also granted the initial purchasers of the notes an option, for settlement within a period of 13 days from, and including, the date the notes are first issued, to purchase up to an additional $100,000,000 principal amount of notes.
NEWARK, Calif., April 2, 2025 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID) today announced its intention to offer, subject to market and other conditions, $1,000,000,000 aggregate principal amount of convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Lucid also expects to grant the initial purchasers of the notes an option, for settlement within a period of 13 days from, and including, the date the notes are first issued, to purchase up to an additional $100,000,000 principal amount of notes.
NEWARK, Calif., April 2, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced production and delivery totals for the quarter ended March 31, 2025. During this period, Lucid produced 2,212 vehicles, plus over 600 additional vehicles in transit to Saudi Arabia for final assembly. The Company delivered 3,109 vehicles during the same period.1
Peter Rawlinson steps aside from prior roles, transitions to Strategic Technical Advisor to the Chairman, Marc Winterhoff Appointed Interim CEO
NEWARK, Calif., Feb. 25, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced Peter Rawlinson has stepped aside from his prior roles. He will transition to the role of Strategic Technical Advisor to the Chairman of the Board. Marc Winterhoff, Chief Operating Officer, has been appointed Interim Chief Executive Officer.