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home / news releases / lucid motors receives 1b investment from majority sh

PSNY - Lucid Motors receives $1B investment from majority shareholder

Polestar Automotive Holding UK Limited

2024-03-25 09:13:40 ET

Lucid Group ( NASDAQ: LCID ) shares are rallying in Monday’s premarket trade in reaction to a $1B investment from its majority stockholder, Ayar Third Investment Company, an affiliate of the Public Investment Fund. The investment is being made through the purchase of newly created convertible preferred stock....

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Lucid Motors receives $1B investment from majority shareholder
Stock Information
Company Name: Polestar Automotive Holding UK Limited
Stock Symbol: PSNY
Market: NASDAQ
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