Luminar to issue up to $200M of convertible preferred stock to investors
Luminar (LAZR) Technologie “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. D. Boral Capital LLC is acting as the exclusive placement agent for the placement of the convertible preferred stock.”
Confident Investing Starts Here:
-
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
-
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. >;elm:context_link;itc:0;sec:content-canvas" href="https://thefly.com/?utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">Try Now>>
Read More on LAZR:
Latest News
- Hotels face new staffing challenge with Gen Z
- Diversified-Land Portfolio: Alico President & CEO John Kiernan, Live at Nasdaq
- Build 2025 Chaos: Walmart Inc. (WMT)’s Powerful AI Tool ‘MyAssistant’ Unintentionally Revealed By MSFT
- Apple Inc. (AAPL) Partners with Emory Healthcare to Power First U.S. Hospital with Its Devices
- Japan's core inflation hits more than 2-year high, could force year-end BOJ hike
- EU launches plan to unify labelling and recycling rules