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Lucid Group Board Approves Potential Reverse Stock Split

Aug 24, 2025 (17 days ago)
Neutral
Lucid Group Board Approves Potential Reverse Stock Split
Lucid Group's board has secured approval for a potential reverse stock split, a strategic move intended to stabilize the company's share price.

Board Approval for Reverse Stock Split

  • Lucid Group's board received approval to amend its Certificate of Incorporation for a potential reverse stock split2
  • This corporate action is intended to stabilize the company's share price, which has been trading below $32
  • The stock is scheduled for a 1-for-10 reverse stock split on September 2nd3
  • Associated governance changes may influence investor perceptions of the company's restructuring efforts2

Financial Performance and Challenges

  • The company reported revenues of $928.99 million against a significant loss of $3.06 billion2
  • However, recent quarterly revenue reached $259.43 million, marking a 29.3% year-over-year increase [Source: 3, 4].
  • Over the past year, Lucid experienced a total shareholder return decline of 51.67%2

Significant Institutional Investor Activity

  • The Swiss National Bank increased its stake in Lucid by 26.9% during the first quarter1
  • The Public Investment Fund boosted its holdings by 28.8% in the fourth quarter [Source: 2, 4].
  • Vanguard Group raised its position by 0.6% in the first quarter, now owning approximately 3.66% of the company4
  • Two Sigma Investments LP notably increased its position by 4,320.7% in the fourth quarter [Source: 2, 4].

New Product Concept Unveiled

  • Lucid introduced the Gravity X concept, an SUV designed for both on-road and off-road adventures1
  • The concept features a redesigned front and rear for improved approach and departure angles1
  • It aims to combine robust off-road capabilities with Lucid's established vehicle range and power1
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