Lucid Files Preliminary Proxy Statement with the SEC to Initiate Plan for Reverse Stock Split

NEWARK, Calif., July 17, 2025 /PRNewswire/ -- Lucid Group, Inc. ("Lucid" or the "Company") (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced that it has filed a preliminary proxy statement with the Securities and Exchange Commission (the "SEC") regarding a special stockholders' meeting to authorize Lucid's Board of Directors (the "Board") to effect a reverse stock split of the Company's Class A common stock (the "common stock") at a ratio of one-for-ten (1:10) (the "Reverse Stock Split").

The Reverse Stock Split would not affect any stockholder's percentage ownership interests or proportionate voting power, except to the extent that it results in a stockholder receiving cash in lieu of fractional shares. The Company believes the Reverse Stock Split will allow the Company's common stock to be more attractive to a broader range of investors and other market participants. At the special stockholders' meeting, the proposed Reverse Stock Split requires the affirmative vote of a majority of the votes cast.

Stockholders may obtain a free copy of the ...