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  "documentTitle": "Lucid Motors | Results Presentation Deck | 29 slides",
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  "authorName": "Lucid Motors",
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  "presentationDate": "2023-08-01 00:00:00",
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      "kind": "diagram",
      "text": "Initial public offering in July 2021; Loan agreement with Saudi Industrial Development Fund (SIDF) in February 2022; Asset-backed revolving credit facility (ABL) in June 2022; Public equity offering with corresponding investment by an affiliate of the PIF in June 2023; Green convertible note issuance in Dec 2021; Committed revolving credit facilities with Gulf International Bank (GIB) in April 2022; At-the-market (ATM) offering and subscription agreement with an affiliate of the PIF in December 2022",
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      "text": "In May 2023, Lucid announced its latest capital raise of ~$3B with a public offering of common stock and corresponding investment by an Affiliate of the PIF. Transaction was successfully closed in June.",
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      "text": "Lucid has focused on balance sheet strength and shown the ability to raise money in the debt and equity markets through various products (e.g. convertible note, credit facilities, equity offering and government programs). Lucid will continue to be opportunistic in exploring and diversifying access to financing sources.",
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      "kind": "paragraph",
      "text": "With 60.2% ownership, the Public Investment Fund (PIF) has invested ~$5.4 billion into Lucid since 2018 and shown track record of support",
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      "text": "As of June 30, 2023, Lucid had liquidity of approximately $6.25 billion, which we believe is sufficient liquidity through Gravity SOP and into 2025.",
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      "text": "LUCID GROUP, INC.",
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      "text": "LIQUIDITY LEVEL AS OF JUNE 30, 2023\nTotal Liquidity $6.25 billion\nCash and Investments $5.54 billion\nABL Facility (subject to borrowing base availability) $0.46 billion\nGIB Facility $0.25 billion",
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      "text": "DEMONSTRATED SUPPORT FROM OUR MAJOR SHAREHOLDER",
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