Significant Milestone for Li Auto; Oculis and Lucid Group Price Equity Offering: Latest Updates and Trading Figures
- June 01st, 2023
- 604 views
Li Auto Inc. (Nasdaq: LI), a Chinese electric vehicle manufacturer, announced that it achieved a remarkable milestone in May 2023 by delivering 28,277 vehicles, representing a 146.0% year-over-year increase.
Xiang Li, Chairman and CEO of Li Auto, expressed his satisfaction with the company's performance, highlighting that May's monthly gross sales surpassed RMB10 billion for the first time in their history.
$LI is currently trading at $28.77 in pre-market, with a decline of $0.28 (-0.96%).
Meanwhile, Oculis Holding AG (Nasdaq: OCS), a pharmaceutical company specializing in innovative eye treatments, disclosed the pricing details of its public offering.
The company priced 3,500,000 ordinary shares at $11.50 per share, resulting in gross proceeds of $40.25 million. Oculis aims to utilize the net proceeds from this offering, in combination with its current resources, to drive forward its development programs. Additionally, the funds will support working capital needs and serve general corporate purposes.
In pre-market, $OCS is trading at $11.27, down $0.23 (-2.00%)
In a separate announcement, Lucid Group, Inc. (Nasdaq: LCID), an American electric vehicle manufacturer, revealed the details of its underwritten public offering.
The company priced 173,544,948 shares of its common stock, raising approximately $1.2 billion in aggregate gross proceeds. Additionally, Lucid entered into a private placement agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund and Lucid's majority stockholder. Ayar agreed to purchase 265,693,703 shares of Lucid's common stock, contributing approximately $1.8 billion in aggregate gross proceeds to the company.
$LCID is trading at $7.02 in pre-market, showing a decline of $0.74 (-9.54%).
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