Lucid Prices $300M Stock Offering

By Chris Stiles • Tuesday, April 14 11:03 • Permanent Link

Lucid Group said it priced a $300 million registered public offering of common stock, part of a broader financing package that will bring in about $1.05 billion when combined with new and expanded investments from Uber and Ayar Third Investment.

Uber is increasing its total investment in Lucid to $500 million, up by $200 million from its previously announced commitment. Uber also raised its vehicle commitment to at least 35,000 Lucid vehicles for its planned global robotaxi service.

Ayar Third Investment, an affiliate of the Public Investment Fund, committed $550 million to buy Lucid convertible preferred stock.

The $300 million stock offering, led by BofA Securities, is expected to close on or about April 15, 2026. Following these announcements, the company's shares moved -7.21%, and are now trading at a price of $9.91. If you want to know more, read the company's complete 8-K report here.

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