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Lucid Is Subpoenaed by SEC Associated to SPAC Deal, Shares Fall

Lucid Is Subpoenaed by SEC Associated to SPAC Deal, Shares Fall

Lucid Group Inc. stated it obtained a subpoena from the Securities and Alternate Fee associated to the deal that took the electrical car firm public this summer season.

The corporate stated in a regulatory submitting Monday that the SEC is requesting sure paperwork and that the investigation seems to concern sure projections and statements. Lucid stated it’s absolutely cooperating with the company.

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