10-K Filing

LUCID GROUP, INC. CIK: 1811210 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001104659-21-036537`
Period End Date	20201231
Filing Date	20210316
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	cciv-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 21 Income Statement 12 Cash Flow Statement 24 Stockholders Equity 11

Balance Sheet 21 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$3.59M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$937.79K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.53M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$2.07B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.07B	USD	Point-in-time
Current liabilities - accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.45M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$81.42K	USD	Point-in-time
Deferred underwriting payable	`DeferredUnderwritingFeePayableNonCurrent`	$72.45M	USD	Point-in-time
Total Liabilities	`Liabilities`	$73.98M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock subject to possible redemption 199,563,827 shares at redemption value	`TemporaryEquityCarryingAmountAttributableToParent`	$2.00B	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$2.52M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.07B	USD	Point-in-time

Income Statement 12 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingExpenses`	$2.98M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.98M	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$531.36K	USD	3 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$4.64K	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$536.01K	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.44M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$81.42K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-2.52M	USD	3 Qtrs
Basic and diluted weighted average shares outstanding, Class A Common stock subject to possible redemption	`TemporaryEquityWeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	199.80M	shares	3 Qtrs
Basic and diluted net income per share, Class A common stock subject to possible redemption	`TemporaryEquityEarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted weighted average shares outstanding, Non-redeemable common stock	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.38M	shares	3 Qtrs
Basic and diluted net loss per share, Non-redeemable common stock	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	3 Qtrs

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.52M	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$531.36K	USD	3 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$4.64K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$937.79K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.45M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$81.42K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.47M	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireRestrictedInvestments`	$2.07B	USD	3 Qtrs
Cash withdrawn from Trust Account to pay taxes	`ProceedsFromCashWithdrawnFromTrustAccount`	$450.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.07B	USD	3 Qtrs
Proceeds from issuance of Class B common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	3 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromIssuanceInitialPublicOffering`	$2.03B	USD	3 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfWarrants`	$42.85M	USD	3 Qtrs
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$550.00K	USD	3 Qtrs
Repayment of promissory note - related party	`RepaymentsOfRelatedPartyDebt`	$550.00K	USD	3 Qtrs
Repayment of promissory note - related party	`RepaymentsOfRelatedPartyDebt`	$550.00K	USD	Point-in-time
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$861.28K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.08B	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.59M	USD	3 Qtrs
Cash - Beginning of period	`Cash`	$3.59M	USD	Point-in-time
Cash - End of period	`Cash`	$3.59M	USD	Point-in-time
Initial classification of Class A common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToRedemption`	$2.00B	USD	3 Qtrs
Change in value of Class A common stock subject to possible redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$-2.52M	USD	3 Qtrs
Deferred underwriting fee payable	`LiabilitiesAssumed1`	$72.45M	USD	3 Qtrs

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Partners' Capital Account, Units, Sale of Units	`PartnersCapitalAccountUnitsSaleOfUnits`	207.00M	shares	3 Qtrs
Sale of Private Placement Warrants (in shares)	`WarrantsIssuedDuringPeriodSharesWarrants`	42.85M	shares	3 Qtrs
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Issuance of Class B common stock	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	3 Qtrs
Sale of 207,000,000 Units, net of underwriting discounts	`StockIssuedSaleOfUnitsNetOfUnderwritingDiscountAndOfferingExpensesValue`	$1.96B	USD	3 Qtrs
Sale of 42,850,000 Private Placement Warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$42.85M	USD	3 Qtrs
Class A common stock subject to possible redemption	`SharesSubjectToPossibleRedemptionValue`	$-2.00B	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.52M	USD	3 Qtrs
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.