Core Viewpoint - Lucid Group, Inc. has announced a private offering of $1 billion in 5.00% convertible senior notes due 2030, with the intention to use the proceeds for repurchasing existing convertible notes and other financial strategies [1][5]. Group 1: Offering Details - The offering consists of $1 billion aggregate principal amount of 5.00% convertible senior notes, scheduled to settle around April 8, 2025 [1]. - The notes will accrue interest at a rate of 5.00% per annum, payable semi-annually, and will mature on April 1, 2030 [2]. - The initial conversion rate is set at 333.3333 shares of common stock per $1,000 principal amount, equating to an initial conversion price of approximately $3.00 per share, representing a 25.0% premium over the last reported sale price of $2.40 [2]. Group 2: Use of Proceeds - Lucid estimates net proceeds from the offering to be approximately $983.6 million, which will be used to repurchase about $1,052.5 million of its outstanding 1.25% Convertible Senior Notes due 2026 [5]. - An additional $107.5 million of the net proceeds will be allocated to cover the costs of capped call transactions [5]. Group 3: Capped Call Transactions - Lucid has entered into capped call transactions to cover the number of shares underlying the notes, with a cap price of $4.80 per share, representing a 100.0% premium over the last reported sale price [6]. - These transactions are designed to reduce potential dilution of Lucid's common stock upon conversion of the notes [7]. Group 4: Repurchase and Forward Transactions - Concurrently with the pricing of the notes, Lucid is negotiating cash repurchases of a portion of its 2026 notes with certain holders [8]. - Ayar Third Investment Company has entered into a prepaid forward transaction to purchase approximately $430.0 million of Lucid's common stock, with delivery expected around the maturity date of the notes [9].

Core Viewpoint - Lucid Group, Inc. plans to offer $1 billion in convertible senior notes due 2030, with an option for an additional $100 million, aimed at qualified institutional buyers [1][2]. Group 1: Notes Offering - The notes will be senior, unsecured obligations, maturing on April 1, 2030, with interest payable semi-annually [2]. - Noteholders can convert their notes under specific conditions, with settlement options including cash, shares of Class A common stock, or a combination [2]. - The notes are redeemable at Lucid's option starting April 6, 2028, under certain conditions related to stock price and liquidity [2]. Group 2: Use of Proceeds - Net proceeds from the offering will be used to repurchase a portion of outstanding 1.25% Convertible Senior Notes due 2026 and cover costs related to capped call transactions [3]. - Remaining proceeds will be allocated for general corporate purposes [3]. Group 3: Capped Call Transactions - Lucid plans to enter capped call transactions to mitigate potential dilution from the notes' conversion [4]. - These transactions will adjust for anti-dilution and may offset cash payments required upon conversion [4]. Group 4: Repurchase of 2026 Notes - Concurrently with the offering, Lucid intends to negotiate cash repurchases of a portion of its 2026 notes with existing holders [5]. Group 5: Prepaid Forward Transaction - Ayar Third Investment Company, a subsidiary of the Public Investment Fund of Saudi Arabia, will engage in a prepaid forward transaction to purchase Lucid's common stock, with delivery expected around the notes' maturity date [6]. - This transaction aims to facilitate derivative transactions related to Lucid's common stock, potentially impacting its market price [7]. Group 6: Company Overview - Lucid Group is a technology company focused on producing advanced electric vehicles (EVs), including the award-winning Lucid Air and the new Lucid Gravity, known for their performance and energy efficiency [10].

NEWARK, Calif., April 2, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced production and delivery totals for the quarter ended March 31, 2025. During this period, Lucid produced 2,212 vehicles, plus over 600 additional vehicles in transit to Saudi Arabia for final assembly. The Company delivered 3,109 vehicles during the same period.1 Lucid will host a conference call to discuss its first quarter 2025 financial results on Tuesday, M ...

Lucid Group is mostly a U.S.-focused manufacturing company and is immune to President Donald Trump's 25% tariffs on foreign cars, that is set to take effect on April 2. Trading volumes of Lucid Group Inc. (LCID) stock were higher in the last trading session than in the previous few days. The electric vehicle (EV) maker has been in the limelight for grabbing customers from Tesla, Inc. (TSLA) following the launch of its new Gravity SUV in showrooms. Are Tesla Buyers' Interests Shifting to Lucid? Beginning thi ...

Despite its optimistic promises from the initial public offering (IPO) era, the electric vehicle (EV) maker Lucid (NASDAQ: LCID) hasn't been known as a stellar stock market performer. LCID shares are more than 75% below their first-day value of $9.89, have lost 15.38% of their value in the last 12 months, and crashed 20% in 2025 despite the strong February rally on a set of positive developments, including a better-than-expected fourth-quarter (Q4) delivery report, and a surprise $5 price target with a 'buy ...

The luxury EV maker still has a lot to prove. Rawlinson's exit and transition to a "strategic technical advisor" role was jarring, since he had led Lucid for the past 12 years. Lucid's chief operating officer Marc Winterhoff succeeded Rawlinson as its interim CEO as it searches for a permanent successor. The lack of a permanent CEO is worrisome, since Lucid just launched its newest vehicle, the Gravity SUV, and plans to ramp up its production this year. It also plans to launch a cheaper mid-size SUV (rumore ...

Lucid Motors plans to resume customer deliveries for its new all-electric Gravity SUV at the end of April. Getting the Gravity into customer hands is a big milestone for Lucid, whose success will hinge on being able to offer vehicle types popular with American drivers.The Gravity is Lucid’s second vehicle and its first SUV after the Lucid Air sedan series. Lucid opened up orders for the seven-seater SUV in November 2024 and began first deliveries to employees, friends, and family in December.  “We nearly f ...

Campaign will coincide with Esophageal Cancer Awareness Month and will be featured at the upcoming Digestive Disease Week (DDW) ConferenceNEW YORK, March 27, 2025 /PRNewswire/ -- Lucid Diagnostics Inc. (Nasdaq: LUCD) ("Lucid" or the "Company"), a commercial-stage, cancer prevention medical diagnostics company, and subsidiary of PAVmed Inc. (Nasdaq: PAVM), today announced a campaign, entitled "Embrace the Future", designed to showcase its groundbreaking EsoCheck® Esophageal Cell Collection Device, with Colle ...

Group 1: Tesla's Challenges - Tesla's stock is under pressure due to CEO's focus on downsizing the U.S. government and facing multiple business headwinds [1] - The company is losing first-mover advantages and favorable consumer sentiment, with loyal customers not purchasing new cars as before [2] - Protests at Tesla sites and record vehicle trade-ins are negatively impacting the company's outlook [1][2] Group 2: Competitors Gaining Ground - BMW is emerging as a leading competitor, improving its EV fleet and expected to grow EV sales from less than 20% of revenue in 2024 to 50% by 2030 [2] - Toyota's hybrid RAV4 offers a combination of reduced emissions and increased range, appealing to dissatisfied Tesla owners [5] - Lucid Group is positioned to benefit from Tesla's decline, with its Air lineup offering luxury features and production of the Gravity model underway [9] Group 3: Analyst Sentiment - Analysts have a hold rating on BMW, but there is potential for a high-single-digit upside in stock price [3] - Lucid Group also holds a hold rating, but there are signs of improvement in analyst sentiment and institutional buying trends [10]

Core Viewpoint - Lucid Group's shares are currently trading at a lower valuation after a significant correction, presenting a potential investment opportunity as sales are expected to grow nearly 100% by 2025 [1][5][6] Group 1: Stock Valuation and Growth - Lucid Group shares are priced at 7.3 times sales, which is considered relatively cheap compared to historical valuations [1] - The electric vehicle sector, including Lucid, has faced a downturn, with competitors like Tesla and Rivian experiencing valuation drops of 30% or more [2] - Lucid is expected to grow revenue by 94% this year, significantly outpacing Rivian's projected growth of 8% [3] Group 2: Competitive Positioning - Lucid trades at a discount to Tesla but at a premium to Rivian, which reflects its higher growth expectations [3] - Despite Lucid's projected growth rate being six times higher than Tesla's for 2025, Tesla maintains a premium valuation due to its established brand recognition and capital advantages [4][3] Group 3: Future Prospects - The introduction of Lucid's Gravity SUV platform is anticipated to enhance sales growth in the near term [5] - Management's plans for several new mass-market vehicles in 2026 could sustain elevated growth rates for the company over the coming years [5]