SEC Investigation

$Lucid Group(LCID.US)$ Lucid has not disclosed any new developments regarding the U.S. Securities and Exchange Commission’s (SEC) investigation into the company. Announced December 6, 2021, the probe appears to be related to its SPAC merger with Churchill Capital Corp. IV and “certain projections and statements” related to that transaction. The merger agreement was announced in February 2021, and, as noted above, the SPAC merger closed in late July 2021.