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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section
13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
January 11, 2024
Lucid
Group, Inc.
(Exact name of registrant as specified in its
charter)
Delaware |
001-39408 |
85-0891392 |
(State or other jurisdiction
of
incorporation or organization) |
(Commission File
Number) |
(I.R.S. Employer Identification
No.) |
|
|
|
7373
Gateway Boulevard
Newark,
CA |
|
94560 |
(Address of Principal Executive
Offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (510)
648-3553 |
(Former name or former address, if changed since last report.) |
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered
pursuant to Section 12(b) of the Act:
Title
of each class | |
Trading
Symbol(s) | |
Name
of each exchange on which registered |
Class
A Common Stock, $0.0001 par value per share | |
LCID | |
The
Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02 Results
of Operations and Financial Condition.
On January 11,
2024, Lucid Group, Inc. issued a press release. A copy of the press release is attached as Exhibit 99.1 to this Current Report
on Form 8-K and is incorporated by reference herein.
The information in this
Current Report on Form 8-K and the exhibits attached hereto shall not be deemed “filed” for purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities
of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements
and Exhibits.
(d) Exhibits
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 11, 2024 |
|
|
|
|
|
|
Lucid
Group, Inc. |
|
|
|
|
By: |
/s/
Gagan Dhingra |
|
|
Gagan
Dhingra |
|
|
Interim Chief Financial Officer |
Exhibit 99.1
Lucid Announces Q4 Production &
Deliveries, Sets Date for Fourth Quarter 2023 Results
NEWARK, Calif., January 11, 2024 /PRNewswire/ -- Lucid Group, Inc.
(NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, selected to Car and Driver’s 10Best list
for 2024, today announced production and delivery totals for the quarter ended December 31, 2023. Lucid produced 2,391 vehicles during
Q4 and delivered 1,734 vehicles during the same period.*
On a full year basis in 2023, the company
produced 8,428 vehicles and delivered 6,001 vehicles.
Lucid will host a conference call to discuss its fourth quarter 2023
financial results on Wednesday, February 21, 2024, at 2:30 pm PT / 5:30 pm ET. Prior to the conference call, the company will issue an
earnings press release with a link to the live webcast on its investor relations website, https://ir.lucidmotors.com.
To enhance engagement with the company's shareholder base and facilitate
connections with its investors, Lucid is partnering with Say Technologies to allow retail and institutional shareholders to submit and
upvote questions, a selection of which will be answered by Lucid management during the earnings call.
Starting on February 7, 2024, at 2:30 pm PT / 5:30 pm ET, shareholders
can submit questions by visiting: https://app.saytechnologies.com/lucid-group-2023-q4/. This Q&A platform will remain open
until 2:30 pm PT / 5:30 pm ET on February 20, 2024. Shareholders can email support@saytechnologies.com for any support inquiries.
Earnings Call Details:
Date: Wednesday, February 21, 2024
Time: 2:30 pm PT / 5:30 pm ET
Webcast: https://ir.lucidmotors.com (live and replay)
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by
creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company's first
car, the Air, is a state-of-the-art luxury sedan with a California-inspired design. Lucid Air Grand Touring features an official EPA estimated
516 miles of range. Assembled at Lucid's factories in Casa Grande, Arizona, and King Abdullah Economic City (KAEC), Saudi Arabia, deliveries
of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.
Investor Relations Contact
investor@lucidmotors.com
Sign up for investor email alerts: https://ir.lucidmotors.com/ir-resources/email-alerts
Media Contact
media@lucidmotors.com
Trademarks
This communication contains trademarks, service marks, trade names
and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.
*Lucid's net income and cash flow results will be announced along with
the rest of its financial performance when Lucid announces fourth quarter earnings. Lucid vehicle production and delivery numbers represent
only one measure of the company's operating performance and should not be relied on as sole indicators of quarterly financial results,
which depend on a variety of factors.
Forward-Looking Statements
This communication includes "forward-looking statements"
within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as "estimate," "plan," "project," "forecast,"
"intend," "will," "shall," "expect," "anticipate," "believe," "seek,"
"target," "continue," "could," "may," "might," "possible," "potential,"
"predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical
matters. These forward-looking statements include, but are not limited to, statements regarding Lucid's expectations related to production
and delivery volume outlook and Lucid's finalized production and delivery totals for the quarter ended December 31, 2023. These statements
are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management.
These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance,
or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ
from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements
are subject to a number of risks and uncertainties, including those factors discussed under the heading "Risk Factors" in Part
II, Item 1A of Lucid's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, as well as other documents Lucid has filed
or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid's assumptions prove incorrect, actual
results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid
currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained
in the forward-looking statements. In addition, forward-looking statements reflect Lucid's expectations, plans or forecasts of future
events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments
to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims
any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date
subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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