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  "documentTitle": "Lucid Motors | Results Presentation Deck | 36 slides",
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      "kind": "diagram",
      "text": "Initial public offering in July 2021; Green convertible note issuance in Dec 2021; Loan agreement with Saudi Industrial Development Fund (SIDF) in February 2022; Committed revolving credit facilities with Gulf International Bank (GIB) in April 2022; Asset-backed revolving credit facility (ABL) in June 2022; At-the-market (ATM) offering and subscription agreement with an affiliate of the PIF in December 2022; Public equity offering with corresponding investment by an affiliate of the PIF in June 2023",
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      "text": "As of December 31, 2023, Lucid had liquidity of approximately $4.78 billion, which we believe provides sufficient runway through Gravity start-of-production, and beyond, at least into 2025.",
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      "text": "Lucid will continue to be opportunistic in exploring and diversifying access to financing sources.",
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      "kind": "paragraph",
      "text": "With 59.8% 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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      "kind": "paragraph",
      "text": "Lucid has focused on balance sheet strength and shown the ability to raise money in the debt and equity markets (e.g., convertible note, credit facilities, equity offering and government programs) and will continue to focus on prudently managing go-forward liquidity.",
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      "text": "LUCID GROUP, INC.",
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      "text": "LIQUIDITY LEVEL AS OF DECEMBER 31, 2023\nTotal Liquidity $4,784 million\nCash and Investments $4,321 million\nABL Facility (subject to borrowing base availability) $269 million\nGIB Facility $194 million",
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      "kind": "title",
      "text": "Track Record of Prudent Liquidity Management",
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