Lucid Shares Drop Sharply Amid Reports of Restructuring Consideration
Shares of Lucid Group (NASDAQ:LCID) plummeted over 50% intraday on Tuesday after reports claimed the EV maker is considering a take-private or Chapter 11 filing. The company denied these rumors, stating it has sufficient liquidity and no such committee was formed.
Topics: AlixPartners Chapter 11 filing Lucid take-private speculation