Lucid Group Stock Volatile After Reverse Stock Split Announcement

Lucid Group (LCID) shares are trading flat after the company announced a 1-for-10 reverse stock split, effective August 29. The split will reduce the number of outstanding shares from 3.07 billion to 307.3 million and will begin trading on a split-adjusted basis on September 2. The move aims to improve the company's financial health and make it more attractive to investors.

Lucid Group, Inc. (NASDAQ: LCID) has announced a 1-for-10 reverse stock split, which will be effective at 5:00 p.m. Eastern Time on August 29, 2025 [1]. This move aims to improve the company's financial health and make it more attractive to investors. The reverse stock split will reduce the number of outstanding shares from approximately 3,072.6 million to approximately 307.3 million [1].

The reverse stock split is expected to be effective at 5:00 p.m. Eastern Time on August 29, 2025, and 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 [1]. The new CUSIP number for the common stock will be 549498 202 [1].

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 [1]. The number of authorized shares of common stock will be reduced from 15 billion to 1.5 billion to reflect the reverse stock split [1]. The reverse stock split will not affect the par value of the common stock, and no fractional shares will be issued in connection with the reverse stock split [1]. Holders of common stock will receive a cash payment (without interest) in lieu of any fractional shares [1].

Equiniti Trust Company, LLC is acting as the exchange agent for the reverse stock split [1]. Registered stockholders holding pre-split shares of the Company's common stock are not required to take any action to receive post-split shares [1]. Stockholders owning shares via a broker, bank, trust, or 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 [1].

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 (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, www.sec.gov, and on the Company's website at https://ir.lucidmotors.com [1].

References:
[1] https://ir.lucidmotors.com/news-releases/news-release-details/lucid-group-inc-announces-effective-date-reverse-stock-split
[2] https://www.marketscreener.com/news/lucid-group-inc-announces-effective-date-of-reverse-stock-split-ce7c50dad88bf523