Lucid Stock Rebounds After EV Maker Denies Bankruptcy Report: 'Completely False'

Benzinga_recent_news07-15

Eletric-Vehicles.com reported Tuesday that Lucid was considering going private or filing for Chapter 11, with restructuring firm AlixPartners brought in to advise the company’s board and expected to ...

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(NASDAQ:LCID) shares are bouncing back Wednesday after the company pushed back against a report claiming it was considering going private or filing for Chapter 11 bankruptcy protection.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CARD":"MAX Auto Industry -3X Inverse Leveraged ETN","LCID":"Lucid Group Inc","BK4551":"寇图资本持仓","BK4099":"汽车制造商","LCDL":"2倍做多LCID ETF-GraniteShares","BK4596":"哈里斯概念","BK4555":"新能源车","LCIZ":"Tradr 2X Short LCID Daily ETF"},"translate_title":"电动汽车制造商否认破产报告后 Lucid 股价反弹：“完全虚假”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LCDL":0.6,"LCIZ":0.6,"CARD":1.5,"LCID":1.5},"content_text":"Eletric-Vehicles.com reported Tuesday that Lucid was considering going private or filing for Chapter 11, with restructuring firm AlixPartners brought in to advise the company’s board and expected to deliver its findings before the board’s next meeting. \nA spokesperson for Lucid told Benzinga “the rumors are completely false.”\n“The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today,” the Lucid spokesperson said.\n“Our focus is on improving execution, strengthening operations, and positioning Lucid to realize the full potential of its technology, products, and innovation. AlixPartners is assisting us in that and nothing else and has not recommended bankruptcy to management or the Board. We undertake no duty to update our comments on this matter.”\nLucid chief communications officer Nick Twork further posted on X that Lucid has delivered a cease-and-desist letter to the outlet behind the report. Twork noted that the bankruptcy and take-private claims “have been publicly and unequivocally denied, including in an SEC filing.”\nThe continued pushback from the company appears to be helping drive shares of Lucid higher on Wednesday.\nLucid shares fell more than 50% on Tuesday and were halted multiple times following the report before a company spokesperson denied the claims. Shares pared those losses, but still closed the day down 16.15%. The stock is continuing to bounce back Wednesday and was last up 16.67%, trading at $5.39, according to data from Benzinga Pro.\nImage: Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2651402464","isCrawlerRequest":true}