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Lucid CEO Denies Bankruptcy or Take-Private Plans Amid Rumors

@SawyerMerritt reported that Lucid's chief executive stated the company is not exploring bankruptcy or a transaction to take it private. The executive added that outside advisors are focused only on operational improvements.

Jul 15, 1:00 PM(4 hrs ago)·1m read1 source

Lucid CEO Denies Bankruptcy or Take-Private Plans Amid Rumors

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Lucid's chief executive stated that the company is not considering bankruptcy or a transaction to take it private. @SawyerMerritt reported the statement, which also noted that outside advisors are working with Lucid solely to improve operational performance and execution. The executive said those advisors are not counseling the company on either a take-private transaction or bankruptcy.

The comments were posted directly by the Lucid CEO.

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