Wednesday, October 8, 2025

Latest

Lucid Group Receives Subpoena From SEC Related To SPAC Deal

Lucid Group (NASDAQ: LCID) is currently down 17% and climbing in pre-market trading. The tumble follows certain filings made by the company this morning related to an investigation by the Securities and Exchange Commission.

It appears that Lucid is the latest SPAC, or special purpose acquisition corporation, transaction being investigated by regulators. The firm this morning indicated that on December 3, the company received a subpoena from the SEC.

Specifically, the company has indicated the subpoena is related to “the business combination between the Company (f/k/a Churchill Capital Corp. IV) and Atieva, Inc.” Atieva is the name under which Lucid was originally incorporated back in 2007.

The firm, much like peers such as Nikola Corp, appears to have come under fire due to “certain projections and statements” made by the company is connection with the SPAC transaction.

Further details were not provided.

Lucid Group last traded at $47.27 in regular market hours, and is currently trading at $38.92 pre-market.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Polestar’s Post-SPAC Trading Pattern Could Be Litmus Test For EV Stocks

An important gauge of investor perception of the EV industry is scheduled to play out...

Tuesday, June 21, 2022, 03:40:00 PM

Lucid Group Reports 1Q 2022 Results; Maintains 2022 Production Guidance; Stock Still Looks Quite Expensive

On May 5, Lucid Group, Inc. (NASDAQ: LCID) announced 1Q 2022 results. As expected, the...

Sunday, May 8, 2022, 09:00:00 AM

Lucid Group Aims To Raise US$1.75 Billion From Notes Offering

Days after receiving a subpoena related to an investigation by the Securities and Exchange Commission,...

Friday, December 10, 2021, 09:56:00 AM

Lucid Vs. Lucid: Electric Vehicle Maker Cuts Production Guidance By Half After Claiming Strong Customer Demand

Lucid Group, Inc. (Nasdaq: LCID) might not be living up to its name when it announced...

Thursday, August 4, 2022, 03:42:00 PM

Simply Obscene: Excessive Stock Based Compensation Largely Ignored By Investors

As investors have decided to place an enormous premium on growth stocks over the last...

Sunday, August 28, 2022, 09:00:00 AM