The registration covers 55,000 shares of Series C Convertible Preferred Stock, along with approximately 51.65 million shares of Class A Common Stock issuable upon conversion. Additionally, the filing includes 24.03 million shares of Class A Common Stock. Lucid confirmed that no new shares are being issued or sold by the company itself as part of this process.
In section Releases
Lucid Group Files Registration for Over 75 Million Shares
Lucid Group has filed a prospectus supplement with the Securities and Exchange Commission to register over 75 million shares for potential resale. The move stems from contractual obligations to two major stakeholders, Ayar Third Investment Company and SMB Holding Corporation, following previous private placements.
While the filing enables future trading, it does not signal an immediate sell-off by the shareholders. Both entities remain bound by strict transfer restrictions: SMB Holding Corporation is locked in until October 2027, while Ayar Third Investment Company—an affiliate of the Public Investment Fund—is restricted until April 2027. These conditions, alongside specific conversion terms for the preferred stock, ensure the registration remains a compliance measure rather than a shift in market liquidity.
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