Lucid Group, Inc. Files 8-K with Material Agreements

Ticker: LCID · Form: 8-K · Filed: 2024-10-18T00:00:00.000Z

Sentiment: neutral

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

Related Tickers: LCID

TL;DR

Lucid Group filed an 8-K on Oct 16, 2024, detailing material agreements and equity sales.

AI Summary

On October 16, 2024, Lucid Group, Inc. entered into a Material Definitive Agreement. The filing also disclosed unregistered sales of equity securities and other events, including financial statements and exhibits. The company is incorporated in Delaware and its principal executive offices are located at 7373 Gateway Boulevard, Newark, CA.

Why It Matters

This 8-K filing indicates significant corporate actions and potential financial transactions for Lucid Group, Inc., which could impact its stock price and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements and unregistered equity sales can signal significant financial or strategic shifts for the company, warranting closer investor scrutiny.

Key Players & Entities

FAQ

What type of Material Definitive Agreement did Lucid Group, Inc. enter into?

The filing indicates the entry into a Material Definitive Agreement but does not specify the exact nature of the agreement in the provided text.

What is the significance of the 'Unregistered Sales of Equity Securities' mentioned?

This suggests that Lucid Group, Inc. has sold equity securities that were not registered with the SEC, which can have implications for dilution and regulatory compliance.

When was Lucid Group, Inc. incorporated or organized?

Lucid Group, Inc. was incorporated or organized in Delaware.

What is the Commission File Number for Lucid Group, Inc.?

The Commission File Number for Lucid Group, Inc. is 001-39408.

What are the former names of Lucid Group, Inc.?

Lucid Group, Inc. was formerly known as Churchill Capital Corp IV (name change effective 20200714) and Annetta Acquisition Corp (name change effective 20200504).

From the Filing

0001104659-24-109677.txt : 20241018 0001104659-24-109677.hdr.sgml : 20241018 20241018060910 ACCESSION NUMBER: 0001104659-24-109677 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20241016 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241018 DATE AS OF CHANGE: 20241018 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: 241378823 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 tm2426052d5_8k.htm FORM 8-K false 0001811210 0001811210 2024-10-16 2024-10-16 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): October 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.   Private Placement   On October 16, 2024, Lucid Group, Inc. (the “ Company ”) entered into a subscription agreement, dated October 16, 2024 (the &#8

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