Electric-vehicle maker Lucid Group Inc. undefined on Monday said it raised roughly $1.515 billion through a follow-on stock offering and funds it expects to...
Electric-vehicle maker Lucid Group Inc. on Monday said it raised roughly $1.515 billion through a follow-on stock offering and funds it expects to generate via an affiliate of an investment program in Saudi Arabia. Shares rose 3.7% after hours. The company, based in Newark, Calif., said it completed an at-the-market stock offering, raising proceeds of around $600 million following the sale of 56.2 million shares. It said the other $915 million would come from the private placement of some 85.
on Monday said it raised roughly $1.515 billion through a follow-on stock offering and funds it expects to generate via an affiliate of an investment program in Saudi Arabia. Shares rose 3.7% after hours. The company, based in Newark, Calif., said it completed an at-the-market stock offering, raising proceeds of around $600 million following the sale of 56.2 million shares. It said the other $915 million would come from the private placement of some 85.
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