Luminar closes $33.6M Series A convertible preferred offering; issues commitment shares

Luminar Technologies, Inc./DE

Closed offering of 35,000 shares of Series A Convertible Preferred Stock at $1,000 stated value each.
Net proceeds of $33.6M before placement agent fees and expenses.
Issued lead investor 505,051 shares of Class A common stock as commitment fee.
Certificate of Designations filed with Delaware Secretary of State effective May 22.
Offering made under effective S-3 registration statement and prospectus supplement.

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: Filed Certificate of Designations establishing terms of Series A Convertible Preferred Stock (effective 2025-05-22).

Change: charter amendment
Effective: 2025-05-22

Exact text from the filing

On May 22, 2025, Luminar Technologies, Inc. (the “Company”) filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware, establishing the voting and other relative rights, powers and preferences of the Company’s Series A Convertible Preferred Stock, par value $0.0001 per share, with a stated value of $1,000 per share (the “Series A Preferred Stock”).

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Source: SEC EDGAR

accession 0001628280-25-027337

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