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Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy
Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy
Summary:
Lucid Reponds, Denies AlixPartners Has Recommended Bankruptcy Route
Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy
Lucid Denies Report
Lucid responded to Electric-Vehicles.com's report, stating that restructuring adviser AlixPartners has not recommended bankruptcy.
Bloomberg headline:
LUCID SAYS ALIXPARTNERS HAS NOT RECOMMENDED BANKRUPTCY
Electric-Vehicles.com's report did mention that another strategic option would be a take-private transaction.
Here are Lucid's top shareholders:
Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy
Shares of struggling EV maker Lucid plunged as much as 49% after auto-industry news website Electric-Vehicles.com reported...
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A 1040 Internal Revenue Service tax form, in this file photo. Madalina Kilroy/The Epoch Times
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