EV Maker Lucid Gets SEC Subpoena On $24-Billion Blank-Check Deal

By One America News —— Bio and Archives--December 7, 2021

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(Reuters) -The U.S. securities regulator has asked Lucid Group Inc for documents related to an investigation into its blank-check deal, joining a growing list of companies that have come under scrutiny for their merger with shell entities. Shares of the luxury electric-car maker fell as much as 19.5% on Monday after it disclosed it had received a subpoena from the U.S. Securities and Exchange Commission (SEC) on Dec. 3.-- More...

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