09:04 AM EDT, 07/17/2025 (MT Newswires) -- Lucid Group ( LCID ) said Thursday it filed a preliminary proxy statement with the Securities and Exchange Commission regarding a special stockholders' meeting aimed at initiating a reverse stock split of its class A common stock at a 1:10 ratio.

Lucid said it believes the reverse stock split will allow its common stock to be "more attractive to a broader range of investors and other market participants."

The proposed move requires a majority affirmative vote, the company said.