Lucid announced Wednesday that it was considering a $1.75 billion at 1.25% convertible senior notes issuance due 2026 to fund new and existing “Eligible Green Investments”, including the development of new energy-efficient products and technologies. The convertible senior notes were priced on Friday at a conversion rate of 18.2548 shares per $1,000 principal, or a conversion price of $54.78 per share in a private offering to qualified institutional buyers. Subscribers will have an additional option to purchase up to an additional $262.5 million principal amount of notes within 13 days from the initial issuance. The transaction, which is expected to settle sometime early next week, will bring net cash proceeds of more than $1.7 billion to the EV maker for funding its ongoing pipeline of growth strategies. What do you think these operations Herald? $Lucid Group Inc(LCID)$