Lucid Motors to Execute 1-for-10 Reverse Stock Split, Share Count Plummets from 3B to 300M

Lucid Group, Inc. (NASDAQ: LCID) has officially greenlit a reverse stock split that will see every 10 shares automatically convert into 1 share, effective August 29, 2025 at 5:00 p.m. Eastern Time. Trading under the same ticker symbol LCID will resume on a split-adjusted basis when markets open September 2, 2025.

The Numbers Behind the Restructuring

The reverse stock split represents a dramatic consolidation of Lucid’s share structure. Outstanding shares will drop from approximately 3,072.6 million to roughly 307.3 million post-split. Correspondingly, authorized shares will be reduced from 15 billion to 1.5 billion. The par value of common stock will remain unchanged throughout the process.

Stockholders will see fractional shares handled via cash payments from exchange agent Equiniti Trust Company, LLC. The new CUSIP number for post-split trading will be 549498 202.

What Investors Need to Know

No action is required from registered stockholders—the conversion happens automatically. Those holding shares through brokers, banks, or other custodians will have their positions automatically adjusted through standard brokerage processes without any manual intervention needed.

The reverse stock split was greenlighted by the company’s Board of Directors and received stockholder approval at a special meeting held on August 18, 2025. Complete details are available in proxy materials filed with the SEC on July 28 and August 8, 2025.

About Lucid Group

The Silicon Valley-based automaker manufactures advanced electric vehicles at its state-of-the-art Arizona facility. The Lucid Air and newly launched Lucid Gravity lineup emphasize performance, design sophistication, and energy efficiency as core differentiators in the EV market.