Luminar repurchases $50M of 2026 convertible notes for $30.2M cash and 1.1M shares

Luminar Technologies, Inc./DE

Retired $50M aggregate principal of 1.25% Convertible Senior Notes due 2026 via $30.2M cash repurchase and exchange for 1,098,931 new shares.
Remaining outstanding notes reduced to ~$135M, improving near-term debt profile.
Cash repurchase funded by proceeds from Series A Convertible Preferred Stock issued May 21, 2025.
CFO Tom Fennimore states the transaction enhances capital structure and extends liquidity runway.
Shares issued in private exchange under Section 4(a)(2) Securities Act exemption.

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