other_material
confidence high
sentiment neutral
materiality 0.60
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.
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