All articles tagged with #bankruptcy rumors
Rory McIlroy suggested LIV Golf players might return to the PGA Tour someday, but questioned what value they’d add, as LIV faces canceled events, bankruptcy rumors, and a PGL lawsuit. The piece notes Koepka’s return to the PGA Tour with conditions and that other big LIV departures were offered similar terms, highlighting uncertainty over LIV’s future and potential reentry paths for its stars.
Lucid stock plunged over 40% and halted on volatility after a report claimed the EV maker was weighing Chapter 11 or a take-private deal; the company denied the claim, stating AlixPartners is assisting with operational improvements and that it has liquidity to operate into 2027. With about $714 million in cash and $3.2 billion in total liquidity at Q1 2026, plus roughly $4.7 billion pro forma liquidity after a recent $1.05 billion funding round, Lucid still posted a Q1 2026 loss of $1.03 billion and heavy cash burn in 2025, while Rivian also slipped on the rumor. Analysts expect continued losses through 2028.
Lucid dismissed a report that its board was weighing bankruptcy or a take-private deal as “completely false,” and said it has liquidity to operate well into next year. The company confirmed it has retained restructuring adviser AlixPartners to support its turnaround, focusing on execution and operations rather than bankruptcy, and stated no special board committee has been formed to pursue drastic scenarios. Lucid ended 2025 with about $4.6 billion in liquidity and drew $800 million from a Saudi-backed facility in July, under new CEO Silvio Napoli who is overhauling leadership. The company acknowledged investor concerns and is due to report first-half results on August 4.
Lucid denied a report that it’s weighing bankruptcy or going private, saying rumors are false and it has liquidity to operate into next year; shares slumped with multiple trading halts before closing down about 16%. AlixPartners was reportedly reviewing options, but Lucid says no board committee has been formed and no bankruptcy recommendations were made. The backdrop includes slower EV adoption, Trump-era policy changes eliminating the $7,500 federal tax credit, 18% U.S. layoffs, missed Q2 deliveries, a leadership reshuffle, and suspended production guidance as the company focuses on reducing inventory and the Gravity SUV, with Saudi PIF backing.