CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Lucid Investors of a Lead Plaintiff Deadline of May 31, 2022

NEW YORK, May 16, 2022

The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of a class of all persons and entities who purchased or otherwise acquired Lucid common stock between November 15, 2021, and February 28, 2022, inclusive.

If you suffered a loss on your investment in Lucid, contact us about potential recovery by using the link below. There is no cost or obligation to you.

https://www.wongesq.com/pslra-1/lucid-group-inc-loss-submission-form?prid=27214&wire=4

ABOUT THE ACTION: The filed complaint alleges that defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Lucid's business and operations. Specifically, the Company overstated its production capabilities while concealing that "extraordinary supply chain and logistics challenges" were hampering Lucid's operations. As a result of the defendants' wrongful acts and omissions, and the significant decline in the market value of Lucid's common stock, Lucid investors have suffered significant damages.

DEADLINE: May 31, 2022

Aggrieved Lucid investors only have until May 31, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.