Lucid (LCID) said late Tuesday it has raised $1.1 billion from its offering of convertible senior notes due 2030, including the exercise in full of the over-allotment option.
Lucid said it used the proceeds to pay for its capped call deals and to buy back almost $1.1 billion of 1.25% convertible senior notes due 2026, with the remaining for general corporate purposes.
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