Lucid Group Files 8-K on Agreements and Securities

TL;DR

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

AI Summary

Lucid Group, Inc. filed an 8-K on August 19, 2024, reporting on events as of August 16, 2024. The filing indicates an entry into a material definitive agreement, unregistered sales of equity securities, material modifications to security holder rights, and amendments to its articles of incorporation or bylaws. Specific details regarding the nature of these agreements and modifications are not fully elaborated in the provided text.

Why It Matters

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

Risk Assessment

Risk Level: medium — The filing mentions unregistered sales of equity and modifications to security holder rights, which can introduce complexity and potential risks for investors.

Key Numbers

• 20240816 — Event Date (Earliest event reported in the 8-K filing.)
• 20240819 — Filing Date (Date the 8-K was filed with the SEC.)

Key Players & Entities

• Lucid Group, Inc. (company) — Registrant
• 001-39408 (company) — SEC File Number
• 850891392 (company) — IRS Employer Identification No.
• 7373 Gateway Boulevard Newark, CA 94560 (company) — Principal Executive Address
• Churchill Capital Corp IV (company) — Former Company Name
• Annetta Acquisition Corp (company) — Former Company Name

FAQ

From the Filing

0001628280-24-037638.txt : 20240819 0001628280-24-037638.hdr.sgml : 20240819 20240819090402 ACCESSION NUMBER: 0001628280-24-037638 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 30 CONFORMED PERIOD OF REPORT: 20240816 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: 20240819 DATE AS OF CHANGE: 20240819 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: 241218400 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 lcid-20240816.htm 8-K lcid-20240816 FALSE 0001811210 12-31 0001811210 2024-08-16 2024-08-16 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): August 16, 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, on August 4, 2024, Lucid Group, Inc. (the “Company”) entered into a subscription agreement (the “Subscription Agreement”) between the Company, and Ayar Third Investment Company, a single shareholder limited liability company organized under the laws of th