Lucid Stock Drops on Cryptic SEC Investigation. It’s Bad News for SPACs.

2 years ago 373

This transcript is for your personal, non-commercial usage only. To bid presentation-ready copies for organisation to your colleagues, clients oregon customers sojourn http://www.djreprints.com.

https://www.barrons.com/articles/lucid-lcid-stock-sec-investigation-spac-51638793857

Updated Dec. 6, 2021 8:22 americium ET / Original Dec. 6, 2021 7:31 americium ET

Order Reprints
Print Article

Shares of electric-vehicle startup Lucid were dropping aft the institution said it received a subpoena from the Securities and Exchange Commission, leaving investors scrambling to determine what’s going connected and what are the semipermanent risks, if any, to the stock.

Even if Lucid (ticker: LCID) isn’t impacted successful the agelong run, it’s different reminder to investors that the SEC is taking a person look astatine peculiar intent acquisition companies, amended known arsenic SPACs.

Lucid...

Read Entire Article