Lucid Group Inc (LCID)

[BuckeyeStocks]

From the Proxy Vote for 3a: To approve an increase of the total number of authorized shares of all classes of capital stock from 501,000,000 shares to 15,010,000,000 shares, which would consist of (i) increasing Churchill's Class A common stock from 400,000,000 shares to 15,000,000,000 shares and (ii) and increasing Churchill's preferred stock from 1,000,000 to 10,000,000.

That’s a lot of dilution. I expected some, but not 500M to 15B. Is the 400M wrong? Shouldn’t it be 500M? It doesn’t add up.