Lucid Soars 42% Premarket After $300M Investment, Plans 1-for-10 Reverse Stock Split

-2.26%

-0.39%

Lucid

LCID

12.54

-2.26%

Uber Technologies,Inc.

UBER

85.11

-0.39%

Electric vehicle maker Lucid(LCID.US) saw its premarket stock surge as much as 42% after securing a $300 million investment from Uber Technologies,Inc.(UBER.US) , now trading up over 28%. Lucid has also filed a preliminary proxy statement with the US Securities and Exchange Commission (SEC) for a 1-for-10 reverse stock split.

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