Sunday, May 11, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Lucid Group Files Massive Shelf Offering, Stock Slips Lower By Investing.com

by Investing.com
August 30, 2022
in Stock Market
Reading Time: 1 min read
A A
0
Home Stock Market
Share on FacebookShare on Twitter


© Reuters. Lucid Group (LCID) Information Huge Shelf Providing, Inventory Slips Decrease

Shares of Lucid Group (LCID) are slipping decrease in Monday’s after-hours session, after the corporate filed an enormous S-3 combined shelf registration assertion.

The struggling luxurious electrical car producer registered to supply as much as $8,000,000,000 of frequent and most well-liked inventory, depositary shares, debt securities, warrants, buy contracts and items.

Moreover, LCID’s stockholders might get rid of as much as 1,233,800,445 shares and 44,350,000 warrants to buy frequent inventory.

A combined shelf is NOT an providing – it serves to pre-register securities and simplify an precise providing course of ought to the corporate elect to do one. As such, there’s no telling how quickly or how large Lucid’s subsequent capital elevate could also be.

In its most up-to-date quarter – Q2, reported on August third, 2022 – the corporate burned by way of $800M of money, however had $4.6B on its stability sheet offering for almost 6 quarters of leeway on the present run fee.

Nonetheless, the dilution danger brings an additional dent to the already waning traders’ confidence – LCID inventory is slipping ~3% decrease publish submitting.

The information is the newest within the sequence of the corporate’s misfortunes – as soon as dubbed by some because the “Tesla Killer”, Lucid noticed shares plunge 61% in 2022, pushed by halved full-year manufacturing steering (6,000-7,000 automobiles vs prior indication of 12,000-14,000), big miss on earnings, and fixed provide chain hurdles.

By comparability, shares of Tesla has “solely” misplaced 28% YTD.

By Vlad Schepkov



Source link

Tags: filesGroupInvestingcomLucidmassiveofferingShelfSlipsStock
Previous Post

Cochrane and Coleman: Quantitative Easing and Asset Price Dynamics

Next Post

(Confused) news from Ukraine’s Kherson offensive

Related Posts

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (LND) Q3 2025 Earnings Name Transcript

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (LND) Q3 2025 Earnings Name Transcript

by Index Investing News
May 11, 2025
0

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Q3 2025 Earnings Conference Identify May 8, 2025 9:00 AM ET Agency...

Nuveen Churchill Direct Lending Corp. (NCDL) Q1 2025 Earnings Call Transcript

Nuveen Churchill Direct Lending Corp. (NCDL) Q1 2025 Earnings Call Transcript

by SA Transcripts
May 11, 2025
0

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Q1 2025 Earnings Convention Name Might 8, 2025 11:00 AM ET Firm Individuals Ken...

First Capital Actual Property Funding Belief (FCXXF) Q1 2025 Earnings Convention Name Transcript

First Capital Actual Property Funding Belief (FCXXF) Q1 2025 Earnings Convention Name Transcript

by Index Investing News
May 11, 2025
0

First Capital Precise Property Funding Perception (OTC:FCXXF) Q1 2025 Earnings Conference Title Would possibly 7, 2025 2:00 PM ET Agency...

CCL Industries Inc. (CCDBF) Q1 2025 Earnings Call Transcript

CCL Industries Inc. (CCDBF) Q1 2025 Earnings Call Transcript

by SA Transcripts
May 11, 2025
0

CCL Industries Inc. (OTCPK:CCDBF) Q1 2025 Earnings Convention Name Could 8, 2025 7:30 AM ET Firm Members Sean Washchuk –...

NetScout Systems, Inc. (NTCT) Q4 2025 Earnings Call Transcript

NetScout Systems, Inc. (NTCT) Q4 2025 Earnings Call Transcript

by SA Transcripts
May 10, 2025
0

NetScout Techniques, Inc. (NASDAQ:NTCT) This autumn 2025 Outcomes Convention Name Might 8, 2025 8:30 AM ET Firm Individuals Tony Piazza...

Phibro Animal Well being Company (PAHC) Q3 2025 Earnings Name Transcript

Phibro Animal Well being Company (PAHC) Q3 2025 Earnings Name Transcript

by Index Investing News
May 10, 2025
0

Phibro Animal Effectively being Firm (NASDAQ:PAHC) Q3 2025 Earnings Conference Title May 8, 2025 9:00 AM ET Agency Members Glenn...

Next Post

(Confused) news from Ukraine's Kherson offensive

SolarEdge faces ITC probe of optimizers, inverters after rival's complaint (NASDAQ:SEDG)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I’ve yet to find a retro stereo amp that delivers sound as accurately for various genres than this

I’ve yet to find a retro stereo amp that delivers sound as accurately for various genres than this

May 11, 2025
Pectra lets hackers drain wallets with just an offchain signature

Pectra lets hackers drain wallets with just an offchain signature

May 11, 2025
Israel’s cabinet approves bonuses for reservists

Israel’s cabinet approves bonuses for reservists

May 11, 2025
Songs for mamas, grandmas, and nurturers

Songs for mamas, grandmas, and nurturers

May 11, 2025
Russian overtures welcome but ceasefire must come before peace talks, says Zelenskyy

Russian overtures welcome but ceasefire must come before peace talks, says Zelenskyy

May 11, 2025
BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (LND) Q3 2025 Earnings Name Transcript

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (LND) Q3 2025 Earnings Name Transcript

May 11, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

I’ve yet to find a retro stereo amp that delivers sound as accurately for various genres than this

Pectra lets hackers drain wallets with just an offchain signature

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In