Lucid and Nikola move to raise additional funds as rising costs squeeze EV startups - 31 august 2022
Electric vehicle makers Lucid Group (US.LCID) and Nikola are moving to raise additional funds.
Nikola said in an SEC filing that it will raise up to $400 million via an “at-the-market” stock offering.
Lucid filed a shelf registration giving it the right to issue up to $8 billion in new stock over the next three years.