Lucid Group Files For Issuance Of Common Stock, Preferred Stock, Debt Securities, Warrants, And Purchase Units On A Continuous Or Delayed Basis
Portfolio Pulse from Benzinga Newsdesk
Lucid Group has filed for the issuance of various securities, including common stock, preferred stock, debt securities, warrants, and purchase units, on a continuous or delayed basis.
October 16, 2024 | 8:30 pm
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Lucid Group has filed for the issuance of various securities, which could lead to potential dilution of existing shares and impact stock prices.
The filing for issuance of common stock, preferred stock, and other securities suggests potential dilution of existing shares, which typically exerts downward pressure on stock prices. This move indicates Lucid's intention to raise capital, which could be seen as a negative signal by investors in the short term.
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