Lucid Motors
martin signed a strategic agreement to access lucid industry leading technologies which will be at the center of its all new in house battery electric vehicle platform this landmark agreement marks the first such relationship for lucid group technology arm a realization of a vision that expands the reach of the company products paves the way for future more applications and reflects a strong validation of lucid technology prowess in lucid successfully raised billion in capital through a public offering of common stock and corresponding investment by an affiliate of the lucid ended with total liquidity of billion which is expected to be sufficient liquidity to get through the start of production of gravity and into lucid finalized its milestone purchase agreement with the government of key statistics quarter to date as of june lucid air customer deliveries production studios service centers lucid announced specifications for lucid air pure rear wheel drive highlighted by an unprecedented efficiency of miles allowing for greater range using a smaller battery pack while being better for the environment when compared to other electric vehicles revenue total liquidity upcoming highlights lucid air sapphire start of production on track for first deliveries capital expenditures expected in lucid air pure rear wheel drive debuting in with an rated range of miles lucid gravity unveil event in on track for start of production in late official opening ceremony event in second quarter recent | Lucid Motors
Company
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August 2023
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5 of 29
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compliance compliance announced the calling of an general meeting of shareholders to vote on a capital reduction as well as approve the proposal to enact a reverse stock split before mac thus curing our capital for vehicle programs factories dedicated capital is required to fund the further development of the van and start of production in projected capital required to invest in supplier production tooling completing the procurement and installation of in the factory provide working capital to start production in late to fund the program this would need to be raised today extraordinary may deficiency notice equipment year | Arrival
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