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Lucid Group | 8-K: Entry into Subscription Agreements

Lucid Group | 8-K: Entry into Subscription Agreements

Lucid Group | 8-K:签订认购协议
美股SEC公告 ·  08/19 09:07

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On August 16, 2024, Lucid Group, Inc. completed a significant transaction with Ayar Third Investment Company, an affiliate of the Public Investment Fund and Lucid's majority shareholder. Under the terms of a Subscription Agreement dated August 4, 2024, Ayar purchased 75,000 shares of Lucid's Series B Convertible Preferred Stock for $750 million in a private placement. This transaction was executed in accordance with a Certificate of Designations filed with the State of Delaware and relied on an exemption from registration under the Securities Act of 1933. Concurrently, Lucid Group amended its Investor Rights Agreement to grant Ayar registration rights for the resale of the Convertible Preferred Stock and the Common Stock issuable upon conversion. These developments were disclosed in Lucid Group's Form 8-K filed with the SEC, which includes further details in the exhibits attached to the report.
On August 16, 2024, Lucid Group, Inc. completed a significant transaction with Ayar Third Investment Company, an affiliate of the Public Investment Fund and Lucid's majority shareholder. Under the terms of a Subscription Agreement dated August 4, 2024, Ayar purchased 75,000 shares of Lucid's Series B Convertible Preferred Stock for $750 million in a private placement. This transaction was executed in accordance with a Certificate of Designations filed with the State of Delaware and relied on an exemption from registration under the Securities Act of 1933. Concurrently, Lucid Group amended its Investor Rights Agreement to grant Ayar registration rights for the resale of the Convertible Preferred Stock and the Common Stock issuable upon conversion. These developments were disclosed in Lucid Group's Form 8-K filed with the SEC, which includes further details in the exhibits attached to the report.
2024年8月16日,Lucid Group,Inc.与Public Investment Fund的关联公司Ayar Third Investment Company(其为Lucid的控股股东)达成了一项重要交易。根据2024年8月4日签订的认购协议,Ayar以定向增发的方式以7500万美元购买了Lucid公司75,000股B系列可转换优先股。此项交易依据特定协议书项下的“特权认定书”在特定情况下不需按《证券法》注册并完成交割。同时,Lucid Group修订了其投资者权利协议,授予Ayar注册权,以便对可转换优先股和对此股票转换后发行的普通股进行再转售。这些进展在Lucid Group向美国证券交易委员会提交的8-k表格中得到了披露,并在相关附件中进行了披露。
2024年8月16日,Lucid Group,Inc.与Public Investment Fund的关联公司Ayar Third Investment Company(其为Lucid的控股股东)达成了一项重要交易。根据2024年8月4日签订的认购协议,Ayar以定向增发的方式以7500万美元购买了Lucid公司75,000股B系列可转换优先股。此项交易依据特定协议书项下的“特权认定书”在特定情况下不需按《证券法》注册并完成交割。同时,Lucid Group修订了其投资者权利协议,授予Ayar注册权,以便对可转换优先股和对此股票转换后发行的普通股进行再转售。这些进展在Lucid Group向美国证券交易委员会提交的8-k表格中得到了披露,并在相关附件中进行了披露。
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