What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2025-03-24 compared with 2024-03-25 · 49 added, 27 removed, 6 unchanged (93% of the section changed)

Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

for Common Equity

common stock is traded on the Nasdaq Capital Market under the symbol “LUCD”.

of March 21, 2024, there were 48,244,798 shares of our common stock issued.

Our shares of common stock are held by an estimated

256 holders of record and we believe our shares of common stock are held by significantly more beneficial owners.

have not paid any cash dividends on our common stock to date.

Market for Registrants

Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market for Common Equity

Our common stock is traded on

the Nasdaq Capital Market under the symbol “LUCD”.

As of March 20, 2025, there

were 90,753,851 shares of our common stock issued.

Our shares of common stock are held by an estimated 338 holders of record and we

believe our shares of common stock are held by significantly more beneficial owners.

We have not paid any cash dividends

on our common stock to date.

Any future decisions regarding dividends will be made by our board of directors.

We do not anticipate paying dividends in the foreseeable future but expect to retain earnings to finance the growth of our business.

Subject to the restrictions described below and applicable law, our board of directors has complete discretion on whether to pay dividends.

Even if our board of directors decides to pay dividends, the form, frequency and amount will depend upon our future operations and earnings,

capital requirements and surplus, general financial condition, contractual restrictions, amongst and other factors deemed relevant.

long as the Senior Convertible Note (see “ Liquidity and Capital Resources ” in Item 7 below) is outstanding, we may

not, directly or indirectly, redeem, or declare or pay any cash dividend or cash distribution on, any of our securities without the prior

express written consent of the purchasers of the Senior Convertible Note.

Furthermore, our common stock is junior to our preferred stock

with respect to certain in-kind dividends payable to the holders of such preferred stock.

B Preferred Stock

The holders of Series B

Preferred Stock are entitled to dividends payable as follows:

(i) a number of shares of common stock equal to 20% of the number of

We do not anticipate paying

dividends in the foreseeable future but expect to retain earnings to finance the growth of our business.

Subject to the restrictions

described below and applicable law, our board of directors has complete discretion on whether to pay dividends.

Even if our board of

directors decides to pay dividends, the form, frequency and amount will depend upon our future operations and earnings, capital requirements

and surplus, general financial condition, contractual restrictions, amongst and other factors deemed relevant.

As long as the 2024 Convertible

Notes (see “ Liquidity and Capital Resources ” in Item 7 below) are outstanding, we may not, directly or indirectly,

redeem, or declare or pay any cash dividend or cash distribution on, any of our securities without the prior express written consent

of a majority-in-interest of the holders of the 2024 Convertible Notes (subject to limited exceptions).

Furthermore, our common stock

is junior to our preferred stock with respect to certain in-kind dividends payable to the holders of such preferred stock.

Series B Preferred Stock

Each holder of our Series B

Preferred Stock (i) was entitled to receive, and did receive, a dividend on or about March 13, 2025 equal to 20% of the number of

shares of Common Stock issuable upon conversion of the Series B Preferred Stock then held by such holder on March 13, 2025, and (ii)

a number of shares of common stock equal to 20% of the number of shares of common stock issuable upon conversion of the Series B

Preferred Stock then held by such holder on March 13, 2026.

Under the terms of the Series B Preferred Stock, a holder that converts

its Series B Preferred Stock prior to March 13, 2025 or March 13, 2026, as the case may be, will not receive the dividend that

will be entitled to receive a dividend on or about March 13, 2026 equal to a number of shares of Common Stock equal to 20% of the

number of shares of Common Stock issuable upon conversion of the Series B Preferred Stock then held by such holder on March 13,

A holder that voluntarily converts its Series B Preferred Stock prior to March 13, 2026 will not receive the dividend that

accrues on such date with respect to such converted Series B Preferred Stock.

2 unchanged sentences

paid on shares of the Common Stock when, as, and if such dividends are paid on shares of the Common Stock.

Sales of Unregistered Securities and Use of Proceeds

as previously disclosed in our current reports on Form 8-K and quarterly reports on Form 10-Q, and except as disclosed below, we did

not sell any unregistered securities or repurchase any of our securities during the fiscal year ended December 31, 2023.

On or about March 13, 2025, the Company issued 7,117,463 shares of its common stock as the dividend to the holders

of its Series B Preferred Stock (in accordance with clause (i) of the paragraph above).

Series B-1 Preferred Stock

The holders of our Series

B-1 Preferred Stock are entitled to dividends payable as follows:

(i) a number of shares of common stock equal to 20% of the number

of shares of common stock issuable upon conversion of the Series B-1 Preferred Stock then held by such holder on May 6, 2025, and

(ii) a number of shares of common stock equal to 20% of the number of shares of common stock issuable upon conversion of the Series

B-1 Preferred Stock then held by such holder on May 6, 2026.

Under the terms of the Series B-1 Preferred Stock, a holder that

converts its Series B-1 Preferred Stock prior to May 6, 2025 or May 6, 2026, as the case may be, will not receive the dividend that

accrues on such date with respect to such converted Series B-1 Preferred Stock.

The holders of the Series B-1 Preferred Stock also

will be entitled to dividends equal, on an as-if-converted to shares of common stock basis, to and in the same form as dividends

actually paid on shares of the common stock when, as, and if such dividends are paid on shares of the common stock.

Recent Sales of Unregistered Securities and Use

Except as previously disclosed

in our current reports on Form 8-K and quarterly reports on Form 10-Q, and except as disclosed below, we did not sell any unregistered

securities or repurchase any of our securities during the fiscal year ended December 31, 2024.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity