Lucid Group, Inc. Reports Reverse Stock Split and Authorized Share Reduction
Summary
• Item 3.03: Material modifications to security holders' rights are incorporated by reference from Item 5.03. • Item 5.03: Lucid Group, Inc. effected a one-for-ten (1:10) reverse stock split and authorized share reduction, effective August 29, 2025. Trading on a split-adjusted basis under 'LCID' begins September 2, 2025, with new CUSIP 549498 202. Stockholders approved the authorization on August 18, 2025, and the Board approved on August 19, 2025. • Item 8.01: Information from Item 5.03 is incorporated by reference, impacting undistributed shares covered by active Registration Statements.
Why It Matters
This reverse stock split at a 1:10 ratio significantly alters Lucid's share structure and per-share price, which can influence market perception, trading liquidity, and potentially compliance with exchange listing requirements.
Key Quote
“") to amend the Charter to effect the Reverse Stock Split and Authorized Share Reduction. On August 19, 2025, the Board approved the Reverse Stock Split and Authorized Share Reduction.”
— From Item 5.03
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001811210
- Filing Date
- Tuesday, September 2, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral