Lucid Group, Inc. (LCID) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
LCID currently has 390M outstanding shares. with significant dilution risk as 294M authorized shares could dilute existing holders by 75.3%. The company has significantly diluted shareholders by 59.9% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 05, 2026 |
10-Q filing | 390.3M shares outstanding |
390M | 290M |
| Apr 29, 2026 |
8-K filing: Lucid Group, Inc. completed a private placement with Ayar Third Investment Company on April 28, 2026, involving the sale of 55,000 shares of Series C Convertible Preferred Stock for $550,000,000. ($550.0M proceeds) |
310M | 290M |
| Nov 17, 2025 |
8-K filing: Lucid Group, Inc. completed a private offering of $975,000,000 aggregate principal amount of its 7.00% Convertible Senior Notes due 2031 and used a portion of the proceeds to repurchase $755.7 million in aggregate principal amount of its 1.25% Convertible Senior Notes due 2026. ($962.4M proceeds) |
310M | 290M |
| Aug 29, 2025 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 3,057,882,724 → 307,300,000 |
310M | 290M |
| Aug 05, 2025 |
10-Q filing | 3057.9M shares outstanding |
3.1B | 2.9B |
| May 06, 2025 |
10-Q filing | 3036.3M shares outstanding |
3B | 2.9B |
| Apr 08, 2025 |
8-K filing: Lucid Group completed a private offering of $1,100,000,000 aggregate principal amount of 5.00% Convertible Senior Notes due 2030 and used a portion of the proceeds to repurchase approximately $1,052.5 million in aggregate principal amount of its 1.25% Convertible Senior Notes due 2026. |
3B | 2.9B |
| Feb 25, 2025 |
8-K filing: Lucid Group registered for resale up to 297,567,387 shares of its Class A Common Stock, which may be issued upon conversion of Series A Convertible Preferred Stock, and 177,103,144 shares of Common Stock, which may be issued upon conversion of the Series B Convertible Preferred Stock. |
3B | 2.9B |
| Feb 25, 2025 |
10-K filing | 3031.5M shares outstanding |
3B | 2.9B |
| Nov 07, 2024 |
10-Q filing | 3011.7M shares outstanding |
3B | 2.9B |
| Oct 18, 2024 |
8-K filing: The company entered into an underwriting agreement to issue and sell 262,446,931 shares of common stock for approximately $680 million and granted the underwriter an option to purchase up to 39,367,040 additional shares. The underwriter exercised the option to purchase an additional 15,037,594 shares. ($680.0M proceeds) |
2.3B | 2.9B |
| Aug 19, 2024 |
8-K filing: Lucid Group, Inc. sold 75,000 shares of Series B Convertible Preferred Stock to Ayar Third Investment Company for $750,000,000 in a private placement on August 16, 2024. ($750.0M proceeds) |
2.3B | 2.9B |
| Aug 05, 2024 |
8-K filing: Lucid Group, Inc. entered into a subscription agreement with Ayar Third Investment Company to sell 75,000 shares of Series B Convertible Preferred Stock for an aggregate purchase price of $750,000,000 in a private placement, convertible into approximately 171.24 million shares of Common Stock at an initial conversion price of $4.3799 per share. ($750.0M proceeds) |
2.3B | 2.9B |
| Aug 05, 2024 |
10-Q filing | 2310.4M shares outstanding |
2.3B | 2.9B |
| May 06, 2024 |
10-Q filing | 2301.9M shares outstanding |
2.3B | 2.9B |
| Mar 29, 2024 |
8-K filing: Lucid Group, Inc. sold 100,000 shares of Series A Convertible Preferred Stock to Ayar Third Investment Company for an aggregate purchase price of $1,000,000,000 in a private placement. ($1000.0M proceeds) |
2.1B | 2.9B |
| Mar 25, 2024 |
8-K filing: Lucid Group, Inc. entered into a subscription agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund, for the private placement of 100,000 shares of Series A Convertible Preferred Stock at an aggregate purchase price of $1,000,000,000.00, convertible into approximately 278.15 million shares of Common Stock at an initial conversion price of $3.5952 per share. ($1000.0M proceeds) |
2.1B | 2.9B |
| Feb 27, 2024 |
10-K filing | 2081.8M shares outstanding |
2.1B | 2.9B |
| Nov 07, 2023 |
S-3 filing: This is an S-3 filing for the resale of 265,693,703 shares of common stock by the Selling Stockholder. |
2.3B | 2.9B |
| Nov 07, 2023 |
10-Q filing | 2284.4M shares outstanding |
2.3B | 2.9B |
| Nov 07, 2023 |
8-K filing: Lucid provided Aston Martin access to its technology in exchange for shares and cash payment. ($33.0M proceeds) |
2.3B | 2.9B |
| Aug 07, 2023 |
10-Q filing | 2282.7M shares outstanding |
2.3B | 2.7B |
| Jun 05, 2023 |
8-K filing: Lucid Group, Inc. entered into a subscription agreement with Ayar Third Investment Company for the private placement of 265,693,703 shares of Class A common stock, and also entered into an underwriting agreement for the issuance and sale of 173,544,948 shares of common stock. ($3000.0M proceeds) |
1.8B | 2.7B |
| May 08, 2023 |
S-3 filing: This is an S-3 filing to register the offer, issuance and sale by Lucid Group, Inc. of up to $7,400,017,750 in the aggregate of securities, the issuance of up to 44,350,000 shares of Class A common stock upon exercise of warrants, and the offer and resale of up to 1,161,947,946 shares of common stock and 7,221,921 warrants by the selling securityholders. |
1.7B | 2.7B |
| May 08, 2023 |
10-Q filing | 1831.7M shares outstanding |
1.8B | 2.7B |
| Feb 28, 2023 |
10-K filing | 1693.3M shares outstanding |
1.7B | 1.5B |
| Nov 08, 2022 |
10-Q filing | 1676.0M shares outstanding |
1.7B | 1.5B |
| Aug 29, 2022 |
S-3 filing: This is an S-3 filing for Lucid Group, Inc. to register the offer and sale of up to $8,000,000,000 in securities, the issuance of up to 44,350,000 shares of Class A common stock upon exercise of warrants, and the offer and resale of up to 1,189,450,445 shares of common stock and 44,350,000 warrants by selling securityholders. |
1.7B | 1.5B |
| Aug 03, 2022 |
10-Q filing | 1669.3M shares outstanding |
1.7B | 180M |
| May 05, 2022 |
10-Q filing | 1654.3M shares outstanding |
1.7B | 180M |
| Apr 28, 2022 |
POS AM filing: This POS AM filing relates to the offer and sale of up to 1,195,006,622 shares of Class A common stock and up to 44,350,000 warrants to purchase Class A common stock by selling securityholders, as well as the issuance of up to 44,350,000 shares of Class A common stock upon exercise of warrants. |
1.7B | 180M |
| Feb 28, 2022 |
10-K filing | 1653.3M shares outstanding |
1.7B | 1.6B |
| Dec 14, 2021 |
8-K filing: Lucid Group, Inc. issued $1,750,000,000 principal amount of its 1.25% Convertible Senior Notes due 2026, with an option for the initial purchasers to purchase up to an additional $262,500,000 principal amount of Notes, potentially resulting in the issuance of up to 55,106,677 shares of common stock upon conversion. |
1.6B | 1.6B |
| Nov 15, 2021 |
10-Q filing | 1646.4M shares outstanding |
1.6B | 1.6B |
| Oct 08, 2021 |
8-K filing: Lucid Group, Inc. repurchased 857,825 shares of its Class A Common Stock from certain directors and employees of Atieva, Inc. at a price of $24.15 per share to allow the Individual Sellers to satisfy certain tax obligations. |
52M | 1.6B |
| Aug 20, 2021 |
S-1/A filing: This is an S-1/A filing for the issuance of up to 85,750,000 shares of common stock upon exercise of warrants, the offer and sale of up to 1,336,329,949 shares of common stock by selling securityholders, and the offer and sale of 44,350,000 warrants by selling securityholders. |
52M | 1.6B |
| Aug 16, 2021 |
10-Q filing | 51.8M shares outstanding |
52M | 180M |
| Aug 02, 2021 |
S-1 filing: This S-1 filing pertains to the determination of the offering price for shares of Class A common stock underlying warrants, with an exercise price of $11.50 per share. It also mentions the registration of shares under the Incentive Plan and assumed Lucid Options on Form S-8. |
1.6B | 180M |
| Jul 26, 2021 |
8-K filing: Lucid Group, Inc. issued 166,666,667 shares of its Common Stock for aggregate gross proceeds of $2,500,000,005 and there are currently 1,618,621,534 shares of Common Stock issued and outstanding. ($2500.0M proceeds) |
1.6B | 180M |
| Jun 01, 2021 |
10-Q filing | 207.0M shares outstanding |
210M | 180M |
| Mar 16, 2021 |
10-K filing | 207.0M shares outstanding |
210M | 180M |
| Nov 09, 2020 |
10-Q filing | 207.0M shares outstanding |
210M | 180M |
| Sep 11, 2020 |
10-Q filing | 207.0M shares outstanding |
210M | 180M |
| Jul 27, 2020 |
S-1/A filing: Churchill Capital Corp IV is offering 150,000,000 Units at $10 per unit for a total of $1,500,000,000. |
29M | 180M |
| Jul 27, 2020 |
S-1/A filing: This is an S-1/A filing detailing other expenses of issuance and distribution, as well as indemnification of directors and officers. |
29M | 180M |
| Jul 14, 2020 |
S-1 filing: Churchill Capital Corp IV is a blank check company offering units consisting of Class A common stock and warrants for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. |
29M | 120M |