Lucid Group, Inc. Announces Effective Date of Reverse Stock Split
1. Lucid announces a 1-for-10 reverse stock split effective August 29, 2025. 2. Shares will be reduced from approximately 3.07 billion to 307.3 million. 3. Authorized shares will decrease from 15 billion to 1.5 billion. 4. No fractional shares will be issued; cash will be paid instead. 5. Trading under the symbol LCID will start on a split-adjusted basis on September 2.