Live Breaking News & Updates on Third Investment Company
Stay updated with breaking news from Third investment company. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Wall Street Breakfast Podcast: Lucid Secures $1B Investment seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Cars News: Like many EV startups, Lucid has been impacted by a slowdown in demand growth and intensified competition, particularly triggered by Tesla's aggressiv ....
Saudi fund helps EV maker Lucid with $1 billion investment autonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autonews.com Daily Mail and Mail on Sunday newspapers.
Lucid said on Monday it is raising $1 billion in capital from an affiliate of Saudi Arabia's Public Investment Fund (PIF), sending the shares of the luxury electric carmaker up about 8%. Ayar Third Investment Company, a PIF affiliate, will buy $1 billion in convertible preferred stock and will be able to convert the preferred stock into about 280 million shares, according to a filing with the US securities regulator. The California-based company said it intends to use the proceeds for corporate purposes and capital expenditure, among other things. ....