Lucid Group, Inc. Announces Public Offering of Common Stock and Corresponding Investment by an Affiliate of PIF for Aggregate Expected 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 the commencement of a public offering of 173,544,948 shares of its common stock. The underwriter may offer the shares of common stock from time to time for sale in one or more…