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Lucid Group | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Churchill Sponsor IV LLC(1.39%),M. Klein Associates, Inc.(1.39%), etc.

SEC announcement ·  Feb 15 07:05
Summary by Futu AI
Lucid Group, Inc. has been the subject of an amended Schedule 13G/A filing with the United States Securities and Exchange Commission, as reported on February 14, 2024. The filing indicates that Churchill Sponsor IV LLC, M. Klein Associates, Inc., and Michael Klein collectively hold shared voting and dispositive power over 32,008,936 shares of Lucid Group's Class A Common Stock, which represents 1.39% of the class. Churchill Sponsor IV LLC directly owns 15,700,000 shares and 16,308,936 Private Placement Warrants, which are exercisable for Class A Common Stock at $11.50 per share. These warrants became exercisable on August 22, 2021, and will expire on July 23, 2026, or earlier upon redemption or liquidation. M. Klein Associates, as the managing member of Churchill Sponsor, and Michael Klein, as the controlling stockholder of M...Show More
Lucid Group, Inc. has been the subject of an amended Schedule 13G/A filing with the United States Securities and Exchange Commission, as reported on February 14, 2024. The filing indicates that Churchill Sponsor IV LLC, M. Klein Associates, Inc., and Michael Klein collectively hold shared voting and dispositive power over 32,008,936 shares of Lucid Group's Class A Common Stock, which represents 1.39% of the class. Churchill Sponsor IV LLC directly owns 15,700,000 shares and 16,308,936 Private Placement Warrants, which are exercisable for Class A Common Stock at $11.50 per share. These warrants became exercisable on August 22, 2021, and will expire on July 23, 2026, or earlier upon redemption or liquidation. M. Klein Associates, as the managing member of Churchill Sponsor, and Michael Klein, as the controlling stockholder of M. Klein Associates, may be deemed to have indirect beneficial ownership of the securities held by Churchill Sponsor. However, all parties have disclaimed beneficial ownership of the securities except to the extent of their pecuniary interest. The percentage ownership is calculated based on 2,305,738,163 shares of Class A Common Stock outstanding as of November 1, 2023.

This announcement is a separate document:

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