Luminar improves capital structure with repurchase of $50 million in 2026 convertible senior notes

Orlando, fla.--(business wire)--luminar technologies (nasdaq: lazr), a leading global automotive technology company, today announced it has entered into separate, individually negotiated private agreements with certain holders of its outstanding 1.25% convertible senior notes due 2026 to acquire $50 million in aggregate principal amount of notes through repurchases for approximately $30 million in cash and exchanges for 1.1 million in newly issued shares of common stock. the repurchase transact.
LAZR Ratings Summary
LAZR Quant Ranking