04:41 PM EDT, 04/08/2025 (MT Newswires) -- Lucid (LCID) said late Tuesday it has raised $1.1 billion from its offering of convertible senior notes due 2030, including the exercise in full of the over-allotment option.

Lucid said it used the proceeds to pay for its capped call deals and to buy back almost $1.1 billion of 1.25% convertible senior notes due 2026, with the remaining for general corporate purposes.