Clear and Nikola move to raise extra assets as increasing costs press EV new businesses

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Clear and Nikola move to raise extra assets as increasing costs press EV new businesses
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Independently, Lucid Group late on Monday documented a “rack enlistment” to issue up to $8 billion in new stock over the course of the following three years. A rack enlistment gives the organization the option to give the stock on a case by case basis.

Clear said in an explanation that its rack enlistment is planned to “give more prominent adaptability” to collect extra cash from here on out, and that it has no prompt intends to sell any new stock.

Clear had $4.6 billion in real money available as of the finish of the subsequent quarter, enough to subsidize its activities and capital costs into the following year, it said recently.

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