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EV maker Lucid expects to raise $1.67 bln from stock sale
Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion.
EV-maker Lucid Group's shares drop following operational losses
California-based Lucid Group's shares price dropped by 10% during after-hours trading Wednesday after announcing larger-than-expected operational losses during the third quarter.
Lucid Shares Drops on Stock Sale, Loss Warning
Lucid shares sank after the electric-vehicle maker said it would shore up its finances by issuing new stock and warned of a larger-than-expected loss. The carmaker plans to sell more than 260 million shares in a public offering,
Lucid sees bigger losses ahead, and its stock drops 12%
Shares of Lucid Group Inc. fall 12% in the extended session Wednesday after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecast.
Lucid Stock Tumbles 15%. EV Maker Plans Huge Share Sale, Sees Wider Losses.
The company plans a substantial public stocks offering and projects a wider-than-expected loss for the third quarter.
8h
on MSN
PPG will lay off 1,800 employees as paints and coatings maker aims to cut costs
PPG Industries plans to lay off about 1,800 employees amid efforts to cut costs, with the paints and coatings maker also ...
3h
Leading chip maker TSMC reports surging demand, plans for global expansion
Longer-term, TSMC is pursuing a rapid international expansion. It’s planning more plants in Europe with a focus on the market ...
18h
French cement maker Lafarge to face trial on terrorism funding charges
Cement maker Holcim's Lafarge will face trial in a French court on charges that its Syrian subsidiary financed terrorism and ...
6h
on MSN
Ray-Ban Maker EssilorLuxottica Posts Revenue Increase But Misses Expectations
Ray-Ban maker EssilorLuxottica reported higher revenue in the third quarter, but its top-line still came short of market ...
1d
2 Millionaire-Maker Hypergrowth Stocks
Each of these could be a millionaire-maker, and together they could be part of a supercharged growth portfolio.
13h
Partners Said to Weigh Options for Conveyor-Belts Maker Ammega
Partners Group Holding AG is exploring strategic options for European conveyor-belt manufacturer Ammega Group, including a ...
12h
on MSN
Ski-Doo Maker BRP Looks to Shed Struggling Marine Brands
Sea-Doo and Ski-Doo maker BRP said it intends to sell off the majority of its marine businesses, which have been weighed down ...
2d
on MSN
ASML’s stock tumbles after microchip equipment maker warns of slower recovery
ASML Holding, the Dutch microchip-equipment maker, saw its stock slide after saying the market recovery for semiconductors ...
3d
New Maker’s Mark commemorative bottle honoring Man o’ War is hitting stores
The inaugural bottle in Maker’s Marks new “Greats of the Gate” collection is about to hit stores. The Kentucky distillery, ...
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