Lucid Group, Inc. Loss Submission Form

Company: Lucid Group, Inc.

Ticker: (NASDAQ) LCID

Deadline

Passed

Lead Plaintiff Deadline: May 31, 2022

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Allegations

The filed complaint alleges that defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Lucid’s business and operations. Specifically, the Company overstated its production capabilities while concealing that “extraordinary supply chain and logistics challenges” were hampering Lucid’s operations. As a result of the defendants’ wrongful acts and omissions, and the significant decline in the market value of Lucid’s common stock, Lucid investors have suffered significant damages.