Lucid Motors’ (LCID) shares soared over 50% after the company secured a multi-hundred-million dollar investment from Uber to deploy robotaxis. So, why did Lucid just announce plans for a reverse stock split?
Lucid (LCID) shares surged +50%, so why did it announce a major reverse stock split?Lucid (LCID) shares surged +50%, so why did it announce a major reverse stock split?