Lucid Group Inc secured a $1.75B credit line expansion from its largest investor on Monday, extending its cash runway through the fourth quarter of 2027.
Lucid secures 1.75 billion dollar loan from PIF
Lucid Group expanded its loan facility by 1.75 billion dollars from its top investor, Saudi Arabia's Public Investment Fund. The funding boosts pro forma liquidity to 3.75 billion dollars and supports operations through late 2027.
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