We advised Lucid on the transactions

Davis Polk advised Lucid Group, Inc. in connection with a $1.2 billion underwritten public offering of common stock and an additional $1.8 billion private placement of common stock to its majority stockholder, the Public Investment Fund. The private placement is expected to close on June 26, 2023, subject to customary closing conditions.

Lucid’s mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience.

The Davis Polk corporate team included partner Emily Roberts, counsel Jeffrey Gould and associates Michael Kostukovsky and Michelle Zhang. All members of the Davis Polk team are based in the Northern California office.