When is Lucid reverse split

Lucid's reverse stock split is scheduled to be put to a vote at a special shareholders meeting. The date for this meeting has not been disclosed. 1. **Reverse Stock Split Proposal**: Lucid Group has filed a proxy statement with the Securities and Exchange Commission (SEC) to initiate a 1-for-10 reverse stock split of its Class A common stock. This move is aimed at boosting the share price and potentially attracting a broader range of investors. 2. **Investor Sentiment and Market Reaction**: The proposal has caused mixed reactions from investors, with some viewing it as a strategic move to improve the company's capital structure, while others remain skeptical due to ongoing concerns about Lucid's production challenges and financial performance. 3. **Strategic Considerations**: The reverse stock split is part of Lucid's broader strategy to navigate the competitive electric vehicle market and raise capital to support its production ramp-up and growth initiatives. Overall, the reverse stock split is a significant corporate action that could impact Lucid's shareholder base and market perception. Investors should monitor the progress of this proposal and its potential implications for Lucid's future performance.