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additional sharesCNBC
•86% Informative
Electric vehicle maker Lucid Group announces a public offering of 262.5 million shares of its common stock.
The electric vehicle startup intends to use the proceeds "for general corporate purposes" The announcement was made in conjunction with plans for Lucid 's majority stockholder and affiliate of Saudi Arabia's Public Investment Fund to purchase more than 374.7 million shares.
VR Score
91
Informative language
91
Neutral language
95
Article tone
formal
Language
English
Language complexity
52
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links