Lucid Group Announces 1-for-10 Reverse Stock Split to Commence on August 29, 2025.

Lucid Group will execute a 1-for-10 reverse stock split on August 29, 2025, reducing its outstanding shares from 3.07 billion to 307.3 million. Trading on a split-adjusted basis will commence on September 2, 2025. The move aims to enhance compliance with NASDAQ's minimum bid price requirements and increase the stock's marketability, but does not alter the company's market capitalization or fundamental value.

Lucid Group, Inc. (NASDAQ: LCID), the maker of advanced electric vehicles, has announced plans to execute a 1-for-10 reverse stock split. This move is set to take effect at 5:00 p.m. Eastern Time on August 29, 2025, with the company's common stock expected to begin trading on a split-adjusted basis when markets open on September 2, 2025. The reverse stock split will reduce the number of outstanding shares from approximately 3.07 billion to about 307.3 million, while the authorized shares will decrease from 15 billion to 1.5 billion. The par value of the common stock will remain unchanged [1].

The reverse stock split aims to enhance compliance with NASDAQ's minimum bid price requirements and increase the stock's marketability. It is important to note that this move does not alter the company's market capitalization or fundamental value. Stockholders will not need to take any action to receive post-split shares, and those owning fractional shares will receive cash payments in lieu of fractional shares [2].

Lucid Group, based in Silicon Valley, focuses on creating the most advanced electric vehicles. The company's award-winning Lucid Air and new Lucid Gravity models 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 Arizona [1].

The reverse stock split and authorized share reduction were approved by Lucid's stockholders at a special meeting held on August 18, 2025. Equiniti Trust Company, LLC is acting as the exchange agent for the reverse stock split [1].

References:
[1] https://ir.lucidmotors.com/news-releases/news-release-details/lucid-group-inc-announces-effective-date-reverse-stock-split
[2] https://www.investing.com/news/company-news/lucid-announces-1for10-reverse-stock-split-effective-august-29-93CH-4205470