Lucid Group, Inc. Announces Pricing of Public Offering of Common Stock and Corresponding Investment by an Affiliate of PIF for Aggregate Gross Proceeds of Approximately $3.0 Billion

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NEWARK, Calif., May 31, 2023 /PRNewswire/ — Lucid Group, Inc. (Nasdaq: LCID; “Lucid”) announced today that it priced its underwritten public offering of 173,544,948 shares of its common stock for aggregate gross proceeds to Lucid of approximately $1.2 billion. The underwriter may offer…