Lucid Group Inc. on Monday filed for a new offering of up to $8 billion as the luxury electric-vehicle maker looks to beef up working capital at a time when supply snarls have crimped its production.
The company, which has a market capitalization of about $27 billion, halved its production forecast for EVs earlier this month, blaming supply chain and logistics challenges.
EV startups that promised to disrupt the automotive industry are now scrambling to keep a lid on costs and to bring vehicles to market, amid parts shortages and rising raw material prices.
Lucid filed for a mixed shelf offering, under which it may sell different types of securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.
The company’s shares fell 7.5 percent to $14.96 on Tuesday afternoon — adding to its 57.5 percent losses so far this year.
California-based Lucid, which went public via a shell company in 2021, had secured the $4.4 billion it needed until the end of 2022 but would not wait until then to raise more cash, CEO Peter Rawlinson told Reuters last year.
ivermectin 3 mg stromectol – tegretol 400mg price buy tegretol online
buy amoxicillin online – buy diovan 80mg cheap ipratropium 100 mcg
zithromax 500mg ca – order bystolic 5mg buy cheap generic bystolic
buy omnacortil 20mg for sale – prednisolone 20mg oral prometrium 100mg cost
augmentin 625mg oral – buy nizoral pill duloxetine drug
doxycycline for sale online – acticlate tablet glucotrol online order
buy augmentin 625mg sale – augmentin 375mg without prescription brand cymbalta 40mg
buy rybelsus 14mg online cheap – semaglutide pills buy cheap generic periactin
buy tizanidine tablets – where to buy hydroxychloroquine without a prescription microzide 25mg pill
Your dedication and enthusiasm radiate through every section. It’s truly inspiring.
viagra 50mg cost – buy viagra 100mg for sale oral cialis 5mg
order atorvastatin without prescription – lisinopril pills purchase prinivil generic
purchase cenforce online – brand cenforce 50mg order glucophage online
atorvastatin 20mg drug – order norvasc how to get lisinopril without a prescription
purchase omeprazole pill – tenormin where to buy buy cheap atenolol
depo-medrol us – order pregabalin online purchase triamcinolone generic
buy desloratadine 5mg without prescription – cost loratadine 10mg order priligy 30mg online cheap