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Lucid to raise USD 3 billion from Saudi public wealth fund, stock offering
On May 31, the Lucid Group announced that it is raising approximately USD 3 billion through a new equity offering, with the majority coming from the Saudi fund that controls the luxury EV maker.
Lucid said that about USD 1.8 billion of the total will come from a private placement of stock with Saudi Arabia’s Public I....
Lucid said that about USD 1.8 billion of the total will come from a private placement of stock with Saudi Arabia’s Public I....
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