Item 3. Legal Proceedings
Item 3. Legal Proceedings.
On March 3, 2021, Richard Hofman, a purported stockholder of us, filed a complaint, individually and on behalf of other of our stockholders,
in the Superior Court of the State of California against us, Lucid, and other unnamed defendants. The complaint alleges claims for fraud,
negligent misrepresentation, and false advertising and unfair business practices in connection with allegedly false and misleading statements
and omissions in our public filings, concerning the proposed merger between us and Lucid. The complaint seeks injunctive relief, as well
as compensatory and punitive damages. On March 8, 2021, plaintiff filed an ex parte application for a temporary restraining order and
preliminary injunction, which the Company opposed and the court denied on March 10, 2021.
Item 4. Mine Safety Disclosures.
None.
49
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.