Overview

• The split takes effect at 5:00 p.m. ET on Aug. 29, with trading on a split-adjusted basis starting Sept. 2.
• Issued and outstanding shares will shrink from about 3.07 billion to roughly 307.3 million, and authorized shares will be reduced to 1.5 billion.
• Shareholders approved the reverse split at a special meeting earlier this week.
• Proxy materials cite raising the share price and broadening institutional eligibility, while interim CEO Marc Winterhoff rejects delisting concerns tied to Nasdaq’s $1 minimum bid rule.
• LCID closed at $2.09 near a record low after falling about 30% this year, as the company trimmed 2025 production guidance and announced an Uber–Nuro robotaxi partnership.