Lucid Group (LCID) announced its intention to offer, subject to market and other conditions, $875M aggregate principal amount of convertible senior notes due 2031 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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LCID:
- ‘Don’t Buy the Dip Just Yet,’ Says Analyst About Lucid (LCID) Stock
- Lucid Stock vs Nio Stock: What Their Latest Earnings Reveal About the EV Race
- Lucid Group’s Earnings Call: Growth Amid Challenges
- Lucid Group price target lowered to $19 from $22 at TD Cowen
- Lucid Group price target lowered to $21 from $26 at Cantor Fitzgerald