EV maker Lucid gets SEC subpoena on $24bn blank check deal

The US 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 companies. Shares of the luxury electric-car maker fell about 14 percent in pre-market trading on Monday after disclosing that it had received a subpoena from

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