Lucid gains as CEO says stock sale will provide cash runway into 2026
** Shares of electric vehicle maker Lucid Group LCID.O rise 3.5% to $2.64 premarket
** Stock sale announced last week will provide Lucid with "cash runway well into 2026", CEO Peter Rawlinson says on sidelines of a Reuters Next event
** Lucid announced on Monday the offering had raised nearly $1.75 bln, more than its earlier expectation of $1.67 bln
** After its largest shareholder committed an additional $1.5 bln in August, LCID expected to have sufficient liquidity until the fourth quarter of 2025
** Up to last close, stock had fallen ~39% so far this year
Reporting by Akash Sriram in Bengaluru
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