Lucid Group Files 8-K with Key Agreements and Securities Updates

Ticker: LCID · Form: 8-K · Filed: 2024-03-29T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, equity-sale, corporate-action

Related Tickers: LCID

TL;DR

Lucid Group dropped an 8-K detailing material agreements, equity sales, and changes to shareholder rights.

AI Summary

Lucid Group, Inc. filed an 8-K on March 28, 2024, reporting on several items including an entry into a material definitive agreement, unregistered sales of equity securities, and material modifications to security holder rights. The filing also noted amendments to its articles of incorporation or bylaws and included financial statements and exhibits.

Why It Matters

This 8-K filing indicates significant corporate actions by Lucid Group, potentially impacting its financial structure, shareholder rights, and future operations.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and unregistered sales of equity, which can introduce complexities and potential risks related to financial obligations and shareholder dilution.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Lucid Group, Inc. on March 28, 2024?

The filing indicates an entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.

What type of equity securities were sold in the unregistered sales reported in the 8-K?

The filing mentions unregistered sales of equity securities, but the specific type and amount of securities are not detailed in the provided text.

What are the material modifications to the rights of security holders mentioned in the filing?

The 8-K reports material modifications to the rights of security holders, but the specifics of these modifications are not elaborated in the provided text.

Were there any amendments to Lucid Group's articles of incorporation or bylaws?

Yes, the filing states that there were amendments to Lucid Group's articles of incorporation or bylaws.

What is the fiscal year end for Lucid Group, Inc.?

Lucid Group, Inc.'s fiscal year ends on December 31.

From the Filing

0001104659-24-041218.txt : 20240329 0001104659-24-041218.hdr.sgml : 20240329 20240329170800 ACCESSION NUMBER: 0001104659-24-041218 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 21 CONFORMED PERIOD OF REPORT: 20240328 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Material Modifications to Rights of Security Holders ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240329 DATE AS OF CHANGE: 20240329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Lucid Group, Inc. CENTRAL INDEX KEY: 0001811210 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 850891392 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39408 FILM NUMBER: 24804729 BUSINESS ADDRESS: STREET 1: 7373 GATEWAY BLVD. CITY: NEWARK STATE: CA ZIP: 94560 BUSINESS PHONE: (510) 648-3553 MAIL ADDRESS: STREET 1: 7373 GATEWAY BLVD. CITY: NEWARK STATE: CA ZIP: 94560 FORMER COMPANY: FORMER CONFORMED NAME: Churchill Capital Corp IV DATE OF NAME CHANGE: 20200714 FORMER COMPANY: FORMER CONFORMED NAME: Annetta Acquisition Corp DATE OF NAME CHANGE: 20200504 8-K 1 tm2410184d1_8k.htm FORM 8-K false --12-31 0001811210 0001811210 2024-03-28 2024-03-28 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT   Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934   Date of Report (date of earliest event reported): March 28, 2024   Lucid Group, Inc. (Exact name of registrant as specified in its charter)   Delaware 001-39408 85-0891392 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.)       7373 Gateway Boulevard Newark , CA   94560 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s telephone number, including area code: ( 510 ) 648-3553   (Former name or former address, if changed since last report.)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ¨     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A Common Stock, $0.0001 par value per share   LCID   The Nasdaq Stock Market LLC   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨           Item 1.01 Entry into a Material Definitive Agreement.   As previously announced, o

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