Lock up period expires this Wednesday

$Lucid Group(LCID.US)$ According to the S1 form filed last August with the U.S. Securities and Exchange Commission (SEC), early shareholders of LCID stock will be able to offload their shares 180 days after the closing of the SPAC merger. This is a significant event because early Lucid shareholders make up a majority of Lucid’s ownership. Furthermore, the S1 notes that out of 1.61 billion shares outstanding, roughly 1.19 billion shares are held by Lucid shareholders. Therefore, investors should keep in mind that Jan. 19 will most likely be an extremely volatile day for LCID stock.