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Lucid Group, Inc. Announces Effective Date of Reverse Stock Split

Lucid common stock expected to begin trading on a split-adjusted basis on September 2, 2025

NEWARK, Calif., Aug. 21, 2025 /PRNewswire/ -- Lucid Group, Inc. ("Lucid" or the "Company") (NASDAQ:LCID), maker of the world's most advanced electric vehicles, today announced that it will proceed with a 1-for-10 reverse stock split of its shares of common stock (the "Reverse Stock Split") and a corresponding reduction of its authorized shares of common stock (the "Authorized Share Reduction") following approval by its Board of Directors. The Reverse Stock Split and Authorized Share Reduction were previously approved by the Company's stockholders at a special meeting of stockholders held on August 18, 2025.

The Reverse Stock Split and Authorized Share Reduction are expected to be effective at 5:00 p.m., Eastern Time on August 29, 2025 (the "Effective Time"). 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, with the new CUSIP number 549498 202.

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. This will reduce the number of shares outstanding from approximately 3,072.6 million to approximately 307.3 million, subject to ...