- Lucid Group (NASDAQ:LCID) will implement a 1-for-10 reverse stock split and reduce its authorized common shares from 15B to 1.5B.
- The split becomes effective on August 29, 2025, at 5:00 p.m. ET, with split-adjusted trading to begin on September 2, 2025.
- Post-split, outstanding shares will be reduced from ~3.07B to 307M.
- LCID shares up 1% post-market on Thursday.
- Source: Press release
Lucid to enact 1-for-10 reverse stock split
