Luminar Technologies Secures Up to $200 Million in Equity Investment to Enhance Financial Flexibility

Reuters
05-23
Luminar Technologies Secures Up to $200 Million in Equity Investment to Enhance Financial Flexibility

Luminar Technologies Inc. $(LAZR)$, a leader in automotive technology, has announced a definitive agreement to issue up to $200 million in convertible preferred stock over an 18-month period. The investment is being made by YA II PN, Ltd., managed by Yorkville Advisors Global, alongside another accredited investor. The initial issuance of $35 million will be used for general corporate purposes and debt retirement. D. Boral Capital LLC acted as the exclusive placement agent for the offering. This move is aimed at providing Luminar with additional financial flexibility and strengthening its balance sheet as it continues to innovate in vehicle safety and autonomy.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Luminar Technologies Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1031085) on May 22, 2025, and is solely responsible for the information contained therein.

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