Summary by Moomoo AI
Luminar Technologies, Inc., a global automotive technology company specializing in LiDAR sensor technology for vehicle safety and autonomy, has filed a registration statement with the Securities and Exchange Commission (SEC) on May 3, 2024. The company, incorporated in Delaware and headquartered in Orlando, Florida, has entered into a Financing Agreement with Virtu Americas LLC, enabling the sale of Class A common stock up to an aggregate offering price of $150,000,000. This arrangement is an extension of a previous program established in 2023. The Class A common stock is traded on the Nasdaq Global Select Market under the symbol 'LAZR.' The proceeds from the sale are intended for use in mergers and acquisitions, strategic investments, partnerships, repurchases of convertible debt securities, and general corporate purposes. The offering allows Luminar Technologies to issue and sell shares at market prices or through negotiated transactions, with Virtu Americas LLC acting as the sales agent or principal.