Lucid Stock Rises as It Raises More than $1.5 billion

Lucid (ticker: LCID) sold about 56.2 million shares for about $600 million, finishing off the company’s at-the-market stock offering. An at-the-market offering allows a company to sell stock, from time to time, to raise money instead of a traditional offering where all sales are done at once and at one price. The company is also raising $915 million in a private placement of approximately 85.7 million shares with affiliates of Saudi Arabian... + full article