Lucid Group Inc. (LCID) is the Subject of an SEC Investigation
Today, Lucid, formerly known as Atievas, Inc., announced that the Securities and Exchange Commission is investigating the Company’s $11.75 billion SPAC merger and has issued a subpoena for documents. Lucid noted in a Form 8-K filed with the SEC that it received a subpoena on December 3, 2021, requesting “the production of certain documents related to an investigation by the SEC” that “appears to concern the business combination between the Company (f/k/a Churhill Capital Corp. IV) and Atieva, Inc. and certain projections and statements.”
Lucid Group, Inc. (LCID) shareholders have legal options. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.