Lucid Files Preliminary Proxy Statement with the SEC to Initiate Plan for Reverse Stock Split
Lucid Group (NASDAQ: LCID) has filed a preliminary proxy statement with the SEC to seek shareholder approval for a proposed 1:10 reverse stock split of its Class A common stock. The company aims to make its stock more attractive to a broader range of investors through this initiative.
The reverse split requires approval from a majority of votes cast at a special stockholders' meeting. If approved, the split would not affect stockholders' ownership percentages or voting power, except for cash payments for fractional shares. The Board maintains the right to cancel the split if deemed not in the best interests of the company and stockholders.
Lucid Group (NASDAQ: LCID) ha presentato una dichiarazione preliminare alla SEC per ottenere l'approvazione degli azionisti riguardo a una proposta di frazionamento inverso delle azioni in rapporto 1:10 delle sue azioni ordinarie di Classe A. Con questa iniziativa, l'azienda punta a rendere le sue azioni pi霉 attraenti per un pubblico pi霉 ampio di investitori.
Il frazionamento inverso necessita del consenso della maggioranza dei voti espressi durante un'assemblea straordinaria degli azionisti. Se approvato, non modificher脿 la percentuale di propriet脿 o il potere di voto degli azionisti, fatta eccezione per i pagamenti in contanti relativi alle azioni frazionarie. Il Consiglio di Amministrazione si riserva il diritto di annullare il frazionamento qualora venga ritenuto contrario agli interessi della societ脿 e degli azionisti.
Lucid Group (NASDAQ: LCID) ha presentado una declaraci贸n preliminar ante la SEC para solicitar la aprobaci贸n de los accionistas sobre una propuesta de consolidaci贸n inversa de acciones en proporci贸n 1:10 de sus acciones ordinarias Clase A. La empresa busca hacer que sus acciones sean m谩s atractivas para un p煤blico m谩s amplio de inversores mediante esta iniciativa.
La consolidaci贸n inversa requiere la aprobaci贸n de la mayor铆a de los votos emitidos en una reuni贸n especial de accionistas. Si se aprueba, la consolidaci贸n no afectar谩 los porcentajes de propiedad ni el poder de voto de los accionistas, excepto en los pagos en efectivo por acciones fraccionarias. La Junta mantiene el derecho de cancelar la consolidaci贸n si se considera que no es lo mejor para la empresa y los accionistas.
耄嫓霌� 攴鸽９(NASDAQ: LCID)鞚� 韥措灅鞀� A 氤错喌欤检潣 1:10 鞐＜鞁濍硲頃� 鞝滌晥鞐� 雽�頃� 欤检＜ 鞀轨澑鞚� 鞏魂赴 鞙勴暣 SEC鞐� 鞓堧箘 鞙勳瀯鞛� 靹滊毳� 鞝滌稖頄堨姷雼堧嫟. 鞚� 臁办箻毳� 韱淀暣 須岇偓電� 雿� 雱撿潃 韴瀽鞛愳傅鞐愱矊 欤检嫕鞚� 毵る牓鞝侅溂搿� 毵岆摛瓿犾瀽 頃╇媹雼�.
鞐＜鞁濍硲頃╈潃 韸闺硠 欤检＜齑濏殞鞐愳劀 韴憸甓� 瓿茧皹靾橃潣 鞀轨澑鞚� 頃勳殧搿� 頃╇媹雼�. 鞀轨澑霅� 瓴届毎, 欤检＜霌れ潣 靻岇湢 歆�攵� 牍勳湪鞚措倶 鞚橁舶甓岇棎電� 鞓來枼鞚� 氙胳箻歆� 鞎婌溂氅�, 雼 鞚茧秬 欤检嫕鞚� 靻岇垬 欤检嫕鞐� 雽�頃� 順勱笀 歆�旮夓棎毵� 鞓堨櫢臧� 鞛堨姷雼堧嫟. 鞚挫偓須岆姅 須岇偓鞕� 欤检＜鞚� 斓滌劆 鞚挫澋鞐� 攵�頃╉晿歆� 鞎婋姅雼り碃 韺愲嫧霅� 瓴届毎 氤戫暕鞚� 旆唽頃� 甓岆Μ毳� 氤挫湢頃╇媹雼�.
Lucid Group (NASDAQ : LCID) a d茅pos茅 une d茅claration pr茅liminaire aupr猫s de la SEC afin d'obtenir l'approbation des actionnaires pour une proposition de regroupement d'actions invers茅 au ratio de 1 pour 10 de ses actions ordinaires de classe A. Cette initiative vise 脿 rendre les actions de la soci茅t茅 plus attrayantes pour un plus large 茅ventail d'investisseurs.
Le regroupement n茅cessite l'approbation de la majorit茅 des votes exprim茅s lors d'une assembl茅e g茅n茅rale extraordinaire des actionnaires. S'il est approuv茅, ce regroupement n'affectera pas les pourcentages de propri茅t茅 ni les droits de vote des actionnaires, 脿 l'exception des paiements en esp猫ces pour les fractions d'actions. Le conseil d'administration se r茅serve le droit d'annuler le regroupement s'il est jug茅 contraire aux int茅r锚ts de la soci茅t茅 et des actionnaires.
Lucid Group (NASDAQ: LCID) hat eine vorl盲ufige Vollmachtsmitteilung bei der SEC eingereicht, um die Zustimmung der Aktion盲re f眉r einen vorgeschlagenen 1:10 Reverse Stock Split seiner Class-A-Stammaktien einzuholen. Das Unternehmen m枚chte durch diese Ma脽nahme seine Aktien f眉r ein breiteres Spektrum von Investoren attraktiver machen.
Der Reverse Split erfordert die Zustimmung der Mehrheit der bei einer au脽erordentlichen Hauptversammlung abgegebenen Stimmen. Wenn genehmigt, w眉rde der Split die Eigentumsanteile oder Stimmrechte der Aktion盲re nicht beeinflussen, au脽er bei Barauszahlungen f眉r Bruchteile von Aktien. Der Vorstand beh盲lt sich das Recht vor, den Split zu annullieren, falls dies nicht im besten Interesse des Unternehmens und der Aktion盲re ist.
- Potential to attract a broader range of investors through higher stock price
- Maintains proportionate stockholder ownership and voting rights
- Indicates possible concerns about low stock price
- No guarantee the reverse split will achieve intended effects or increase share price
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 preliminary proxy statement and other documents that the Company files with the SEC at the SEC's website at 听or on the Company's Investor Relations website at .听The Company will file with the SEC and distribute to its stockholders a definitive proxy statement regarding the special stockholders' meeting and the Reverse Stock Split proposal.
Completion of the proposed Reverse Stock Split is subject to market and other customary conditions, including obtaining stockholder approval. There are no assurances that the Reverse Stock Split will be completed, that it will result in an increased per share price or that it will achieve its other intended effects. The Board reserves the right to elect not to proceed with the Reverse Stock Split if it determines that implementing it is no longer in the best interests of the Company and its stockholders.
About Lucid Group听
Lucid (NASDAQ:听LCID) is a听Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The award-winning听Lucid Air听and new Lucid Gravity deliver best-in-class performance, sophisticated design, expansive interior space and unrivaled energy efficiency. Lucid assembles both vehicles in its state-of-the-art, vertically integrated factory in听Arizona. Through its industry-leading technology and innovations, Lucid is advancing the state-of-the-art of EV technology for the benefit of all.
Investor Relations Contact
[email protected]
Media Contact
[email protected]
Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.
Forward Looking Statements
This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "shall," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the Company's plans to implement the Reverse Stock Split and the expected effects of the Reverse Stock Split. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements are not intended to serve as and must not be relied on by any investor as a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading "Risk Factors" in Part II, Item 1A of Lucid's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid's expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
听
View original content to download multimedia:
SOURCE Lucid Group
FAQ
What is the proposed reverse stock split ratio for Lucid Group (LCID)?
When will Lucid (LCID) shareholders vote on the reverse stock split?
How will the reverse split affect LCID shareholders' ownership?
Where can Lucid (LCID) shareholders find the proxy statement for the reverse split?
What approval is needed for Lucid's reverse stock split?
