Luminar Technologies Inc. has entered into forbearance agreements with an ad hoc group of holders of its Floating Rate Senior Secured Notes due 2028 and its 9.0% and 11.5% Convertible Second Lien Senior Secured Notes due 2030. The agreements, effective as of October 30, 2025, cover approximately 94.5% of the 2028 notes and 89% of the 2030 notes. Under these agreements, the noteholders have agreed to temporarily refrain from exercising their rights and remedies related to defaults arising from Luminar's missed October 15 interest payments. The forbearance period extends through November 6, 2025, while negotiations continue for longer-term arrangements.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001758057-25-000009), on November 07, 2025, and is solely responsible for the information contained therein.