Lucid Group, Inc. Announces Effective Date of Reverse Stock Split
Lucid Group (NASDAQ: LCID), an advanced electric vehicle manufacturer, has announced a 1-for-10 reverse stock split following approval from both its Board of Directors and stockholders. The reverse split will take effect on August 29, 2025, with split-adjusted trading beginning on September 2, 2025.
The action will reduce outstanding shares from approximately 3.07 billion to 307.3 million, while authorized shares will decrease from 15 billion to 1.5 billion. The company's trading symbol will remain LCID, though with a new CUSIP number. Stockholders will receive cash payments for any fractional shares, and no direct action is required from registered stockholders or those holding shares through brokers.
Lucid Group (NASDAQ: LCID), produttore avanzato di veicoli elettrici, ha annunciato un raggruppamento azionario inverso 1-per-10 dopo l'approvazione del Consiglio di Amministrazione e degli azionisti. Il raggruppamento avr脿 effetto dal 29 agosto 2025 e le azioni negoziate con il nuovo valore inizieranno il 2 settembre 2025.
L'operazione ridurr脿 le azioni in circolazione da circa 3,07 miliardi a 307,3 milioni, mentre le azioni autorizzate passeranno da 15 miliardi a 1,5 miliardi. Il simbolo di negoziazione rester脿 LCID, sebbene venga assegnato un nuovo numero CUSIP. Gli azionisti riceveranno pagamenti in contanti per eventuali frazioni di azioni; gli azionisti registrati e chi detiene azioni tramite broker non deve intraprendere alcuna azione diretta.
Lucid Group (NASDAQ: LCID), fabricante avanzado de veh铆culos el茅ctricos, ha anunciado una consolidaci贸n de acciones 1 por 10 (reverse split) tras la aprobaci贸n de su Junta Directiva y de los accionistas. La operaci贸n entrar谩 en vigor el 29 de agosto de 2025, y las acciones ajustadas por el split comenzar谩n a cotizar el 2 de septiembre de 2025.
La medida reducir谩 las acciones en circulaci贸n de aproximadamente 3.070 millones a 307,3 millones, mientras que las acciones autorizadas disminuir谩n de 15.000 millones a 1.500 millones. El s铆mbolo de cotizaci贸n seguir谩 siendo LCID, aunque se asignar谩 un nuevo n煤mero CUSIP. Los accionistas recibir谩n pagos en efectivo por cualquier fracci贸n de acci贸n, y no se requiere ninguna acci贸n por parte de los accionistas registrados ni de quienes mantienen acciones a trav茅s de corredores.
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鞚措矆 臁办箻搿� 鞙犿喌 欤检嫕 靾橂姅 鞎� 30.7鞏� 欤检棎靹� 3.073鞏� 欤�搿� 欷勳柎霌り碃, 鞀轨澑霅� 氚滍枆 欤检嫕 靾橂姅 150鞏� 欤检棎靹� 15鞏� 欤茧 臧愳唽頃╇媹雼�. 瓯半灅 鞁臣鞚� LCID搿� 鞙犾霅橃毵� 靸堧鞖� CUSIP 氩堩樃臧� 攵�鞐惄雼堧嫟. 欤检＜霌れ潃 靻岇暋欤�(鞛旍棳 欤检嫕)鞐� 雽�頃� 順勱笀 歆�旮夓潉 氚涥矊 霅橂┌, 霌彪 欤检＜雮� 欷戧皽鞚胳潉 韱淀暣 欤检嫕鞚� 氤挫湢頃� 瓴届毎 氤勲弰鞚� 臁办箻電� 頃勳殧頃橃 鞎婌姷雼堧嫟.
Lucid Group (NASDAQ: LCID), constructeur avanc茅 de v茅hicules 茅lectriques, a annonc茅 un regroupement d'actions inverse 1 pour 10 apr猫s approbation par son conseil d'administration et ses actionnaires. Le regroupement prendra effet le 29 ao没t 2025, et les transactions ajust茅es d茅buteront le 2 septembre 2025.
Cette op茅ration r茅duira le nombre d'actions en circulation d'environ 3,07 milliards 脿 307,3 millions, tandis que les actions autoris茅es passeront de 15 milliards 脿 1,5 milliard. Le symbole de cotation restera LCID, mais un nouveau num茅ro CUSIP sera attribu茅. Les actionnaires recevront des paiements en esp猫ces pour les fractions d'actions 茅ventuelles ; aucune action directe n'est requise de la part des actionnaires enregistr茅s ni de ceux d茅tenant des actions via des courtiers.
Lucid Group (NASDAQ: LCID), ein fortschrittlicher Hersteller von Elektrofahrzeugen, hat nach Zustimmung des Vorstands und der Aktion盲re einen 1鈥慺眉r鈥�10 Reverse鈥慡plit angek眉ndigt. Der Reverse Split tritt am 29. August 2025 in Kraft; der handel mit den an den Split angepassten Aktien beginnt am 2. September 2025.
Durch die Ma脽nahme verringert sich die Anzahl der ausstehenden Aktien von etwa 3,07 Milliarden auf 307,3 Millionen, w盲hrend die genehmigten Aktien von 15 Milliarden auf 1,5 Milliarden sinken. Das Handelssymbol bleibt LCID, es wird jedoch eine neue CUSIP鈥慛ummer vergeben. Aktion盲re erhalten Barausgleich f眉r etwaige Bruchteile, und registrierte Aktion盲re sowie Inhaber 眉ber Broker m眉ssen keine Ma脽nahmen ergreifen.
- Potential compliance with NASDAQ minimum bid price requirements
- Reduction in total shares could improve stock marketability
- No stockholder action required for the reverse split process
- Reverse splits often signal company struggles
- No change in company's market capitalization or fundamental value
- Cash payments for fractional shares may force small investors to sell
Insights
Lucid's 1-for-10 reverse stock split addresses low share price concerns without changing company fundamentals, potentially improving institutional investor accessibility.
Lucid Group's announcement of a 1-for-10 reverse stock split represents a significant capital structure adjustment that will reduce outstanding shares from approximately
This move is typically implemented when companies face persistently low share prices, though the press release doesn't explicitly state Lucid's motivation. Reverse splits are financial engineering maneuvers that don't fundamentally change the company's market capitalization or underlying business performance. The total company value remains identical 鈥� each shareholder will own fewer shares but each share will be proportionally more valuable.
The potential benefits include meeting exchange listing requirements (typically
The corresponding reduction in authorized shares from 15 billion to 1.5 billion maintains the same ratio of issued-to-authorized shares, preserving the company's ability to raise capital through future share issuances at the same relative scale. For existing shareholders, while their total investment value and ownership percentage remain unchanged, the mechanics of the split may create short-term volatility as the market digests this adjustment.
Lucid common stock expected to begin trading on a split-adjusted basis on September 2, 2025
The Reverse Stock Split and Authorized Share Reduction are expected to be effective at 5:00 p.m., Eastern Time on August 29, 2025 (the "Effective Time"). The Company's common stock is expected to begin trading on a split-adjusted basis under the same symbol (LCID) when the market opens on September 2, 2025, with the new CUSIP number 549498 202.
As of the Effective Time, every 10 issued and outstanding shares of the common stock will be automatically reclassified into one issued and outstanding share of the Company's common stock. This will reduce the number of shares outstanding from approximately 3,072.6 million to approximately 307.3 million, subject to adjustment for fractional shares. The number of authorized shares of common stock will be reduced from 15 billion to 1.5 billion to reflect the Reverse Stock Split. The Reverse Stock Split will not affect the par value of the common stock. No fractional shares will be issued in connection with the Reverse Stock Split. Holders of common stock will receive a cash payment (without interest) in lieu of any fractional shares.
Equiniti Trust Company, LLC is acting as the exchange agent for the Reverse Stock Split. Registered stockholders holding pre-split shares of the Company's common stock are not required to take any action to receive post-split shares. Stockholders owning shares via a broker, bank, trust or聽other similar organization will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to such organization's particular processes, and will not be required to take any action in connection with the Reverse Stock Split.
Additional information about the Reverse Stock Split and Authorized Share Reduction can be found in the Company's definitive proxy statement filed with the Securities and Exchange Commission (the "SEC") on July 28, 2025 and definitive additional proxy materials filed with the SEC on August 8, 2025, which are available free of charge at the SEC's website, , and on the Company's website at .
About Lucid Group
Lucid (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The award-winning Lucid Air and new Lucid Gravity deliver best-in-class performance, sophisticated design, expansive interior space and unrivaled energy efficiency. Lucid assembles both vehicles in its state-of-the-art, vertically integrated factory in
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Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.
Forward-Looking Statements
This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "shall," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the Company's plans to implement the Reverse Stock Split and Authorized Share Reduction, the expected effects of the Reverse Stock Split, the expected effective date of the Reverse Stock Split and Authorized Share Reduction, and the expected market effectiveness date of the Reverse Stock Split. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the cautionary language and the Risk Factors in our Annual Report on Form 10-K for the year ended聽December 31, 2024, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other documents Lucid has filed or will file with the聽SEC. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid's expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so, except as may be required under applicable securities laws. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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