Lucid Group, Inc. Announces Effective Date of Reverse Stock Split

Core Viewpoint - Lucid Group, Inc. will implement a 1-for-10 reverse stock split and a corresponding reduction of its authorized shares, following approval from its Board of Directors and stockholders, with the effective date set for August 29, 2025 [1][2][3]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of outstanding shares from approximately 3,072.6 million to approximately 307.3 million [3]. - The authorized shares will decrease from 15 billion to 1.5 billion as part of the reverse stock split [3]. - The common stock will begin trading on a split-adjusted basis under the same symbol (LCID) on September 2, 2025 [2][3]. Group 2: Shareholder Information - Registered stockholders will not need to take any action to receive post-split shares, as their positions will be automatically adjusted [4]. - Holders of common stock will receive a cash payment in lieu of any fractional shares resulting from the reverse stock split [3][4]. Group 3: Company Overview - Lucid Group is a technology company based in Silicon Valley, focused on creating advanced electric vehicles, including the award-winning Lucid Air and the new Lucid Gravity [6]. - The company assembles its vehicles in a vertically integrated factory located in Arizona [6].