Luminar to raise $200 million from investors through convertible preferred stock
The new funding will provide Luminar with financial flexibility and strengthens its balance sheet
Luminar Technologies, a US-based company specializing in Lidar technology, finalized an agreement with YA II PN Ltd., an investment fund managed by Yorkville Advisors Global, and another accredited investor to raise up to $200 million through convertible preferred stock in registered direct offerings over the next 18 months.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
