Luminar Technologies effects 1-for-15 reverse stock split effective Nov. 20, 2024

Luminar Technologies, Inc./DE

Reverse split ratio of 1-for-15 approved by Board on Nov. 13; filed certificate of amendment Nov. 20.
Trading on Nasdaq under symbol LAZR began on split-adjusted basis Nov. 21; new CUSIP 550424303.
No fractional shares issued; holders receive cash payment based on closing price on Nov. 20.
Adjustments made to outstanding equity awards, warrants, and convertible notes (9.0%, 11.5%, 1.25%).
Number of authorized shares and par value unchanged.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Luminar Technologies, Inc./DE: Effected a 1-for-15 reverse stock split of Common Stock via a Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation (effective 2024-11-20).

Change: charter amendment
Effective: 2024-11-20

Exact text from the filing

On November 20, 2024, the Company filed with the Secretary of State of the State of Delaware a certificate of amendment (the “Certificate of Amendment”) to amend the Charter to effect the Reverse Stock Split as of 5:01 p.m., Eastern Time on November 20, 2024 (the “Effective Time”).

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Source: SEC EDGAR

accession 0001628280-24-048992

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