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$LCID #Lucid Files Preliminary Proxy Statement with the SEC to Initiate Plan for Reverse Stock Split at a ratio of one-for-ten (1:10)
LUCID $LCID has filed for a 1-for-10 reverse stock split, according to a preliminary proxy filed with the SEC. The move, pending shareholder approval, aims to make the stock more appealing to a wider investor base. The board may still choose not to proceed.
$LCID | Lucid Files Preliminary Proxy Statement with the SEC to Initiate Plan for Reverse Stock Split at a ratio of one-for-ten (1:10) https://t.co/SzfcwrE5hH
Lucid Group Inc. has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission seeking shareholder approval for a 1-for-10 reverse stock split. The plan would convert every ten outstanding Lucid shares into one, a step the electric-vehicle maker says could raise the price per share and broaden the stock’s appeal to institutional investors. The board retains the discretion to abandon or delay the transaction even if shareholders endorse it. Investors welcomed the proposal, sending Lucid’s shares up roughly 28% in early trading on 17 July 2025.
