Luminar secures $200M convertible preferred stock commitment from Yorkville and another investor

Luminar Technologies, Inc./DE

Initial closing of $35M in stated value at 96% purchase price ($33.6M net proceeds) expected May 22, 2025.
Additional tranches up to $35M each, subject to conditions, over 18 months; company has no obligation to issue further.
Conversion price is lesser of $4.752 fixed or 95% of 5-day VWAP, with a $0.792 floor; 4.99% beneficial ownership cap.
Dividends of 18% per annum payable in kind upon trigger events (e.g., trading suspension, conversion failure).
Proceeds to be used for general corporate purposes and debt retirement; D. Boral Capital LLC acted as placement agent.

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