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Here's Why Lucid Group Shares Are Falling

Published 30/08/2022, 16:14
© Reuters.  Here's Why Lucid Group Shares Are Falling
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Lucid Group Inc (NASDAQ: LCID) shares are trading lower by 7.08% to $15.02 Tuesday morning after the company filed for a mixed-securities shelf offering of up to $8 billion.

What Else?

Lucid's capital raises could include common stock, preferred stock (including depositary shares), warrants, debt securities (including convertible debt), purchase contracts, and units.

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According to data from Benzinga Pro, Lucid has a 52-week high of $57.75 and a 52-week low of $13.25.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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