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  "documentTitle": "Lucid Motors | Results Presentation Deck | 39 slides",
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  "authorName": "Lucid Motors",
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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 with corresponding investment by an affiliate of the PIF in December 2022; Public equity offering with corresponding investment by an affiliate of the PIF in June 2023; Convertible preferred stock issuance with an affiliate of the PIF in March 2024",
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      "text": "Saudi Public Investment Fund logo",
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      "kind": "paragraph",
      "text": "The Public Investment Fund (PIF) has invested\n~$6.4 billion into Lucid since 2018 and shown\ntrack record of support",
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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.\nIn March 2024, Lucid announced its latest capital raise of $1 billion with a private placement of convertible preferred stock to an affiliate of the PIF.",
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      "kind": "paragraph",
      "text": "DEMONSTRATED SUPPORT & PARTNERSHIP\nFROM OUR MAJOR STRATEGIC SHAREHOLDER",
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      "text": "Lucid will continue to prudently manage go-forward liquidity and be opportunistic in exploring and diversifying access to financing sources.",
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      "kind": "paragraph",
      "text": "As of March 31, 2024, Lucid had liquidity of approximately $5.03 billion, which we believe provides sufficient runway through the Gravity SUV program start of production and into the second quarter of 2025.",
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      "kind": "table",
      "text": "LIQUIDITY LEVEL AS OF MARCH 31, 2024\nTotal Liquidity ~$5,030 million\nCash, Cash Equivalents, and Investments ~$4,622 million\nABL Facility (subject to borrowing base availability) ~$214 million\nGIB Facility ~$194 million",
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