That's a requirement for an initial listing on the NASDAQ. For probation to kick in you need to have your share price at closing be less than $1 for 30 consecutive days.
I got my AT the same time as you and was notified early this morning to update. Process went smoothly. Blinker sounds were muted when I first used the car but an air logo reset took care of it.
Awesome! Welcome to the forum. What exterior/interior combo are you thinking of getting?
Feel free to use my code, not near the max yet: NB3K323Q
https://lucidmotors.com/configure?referralCode=NB3K323Q
I wonder why they'd only let you enter it once 🤔