Luminar obtains $200 million capital commitment to bolster balance sheet & liquidity

Orlando, fla.--(business wire)--luminar technologies (nasdaq: lazr), a leading global automotive technology company, today announced it has entered into a definitive agreement with ya ii pn, ltd., an investment fund managed by yorkville advisors global, and another accredited investor to issue up to $200 million of convertible preferred stock to the investors in registered direct offerings over an 18-month period. “today's transaction provides us with additional financial flexibility and furthe.
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