{"id":89685,"date":"2024-10-22T00:08:43","date_gmt":"2024-10-22T04:08:43","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=89685"},"modified":"2024-10-22T03:07:31","modified_gmt":"2024-10-22T07:07:31","slug":"lucid-ceo-says-wall-street-misinterpreted-1-75-billion-capital-raise","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2024\/lucid-ceo-says-wall-street-misinterpreted-1-75-billion-capital-raise.html","title":{"rendered":"Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise"},"content":{"rendered":"\n<p>(CNBC) Investors misinterpreted a&nbsp;<a href=\"https:\/\/www.cnbc.com\/2024\/10\/16\/lucid-shares-tumble-public-offering.html\">public offering<\/a>&nbsp;on Wednesday by&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/LCID\/\">Lucid Group<\/a>&nbsp;that raised roughly $1.75 billion \u2014 and led to the stock\u2019s worst daily performance in nearly three years, CEO Peter Rawlinson told CNBC. Rawlinson said the raise, which included a public offering of nearly 262.5 million shares of its common stock, was a timely, strategic business decision to ensure the electric vehicle company has enough capital for its ongoing operations and growth plans.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/10\/21\/lucid-ceo-wall-street-capital-raise.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Investors misinterpreted a&nbsp;public offering&nbsp;on Wednesday by&nbsp;Lucid Group&nbsp;that raised roughly $1.75 billion \u2014 and led to the stock\u2019s worst daily performance in nearly three years, CEO Peter Rawlinson told CNBC. Rawlinson said the raise, which included a public offering of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89685","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=89685"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89685\/revisions"}],"predecessor-version":[{"id":89697,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89685\/revisions\/89697"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=89685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=89685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=89685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}