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Lucid Group

US electric carmaker Lucid Group secures $1.5bn from PIF 

US electric carmaker Lucid Group secures $1.5bn from PIF 

  • Deal includes $750 million in convertible preferred stock via private placement and a $750 million unsecured delayed draw term loan facility
  • Lucid reported revenue of $200.6 million on deliveries of 2,394 vehicles for the second quarter
By ARAB NEWS  ·
Lucid to receive $1bn from PIF affiliate via new stock

Lucid to receive $1bn from PIF affiliate via new stock

By Arab News ·

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