Luminar Technologies Establishes Series A Preferred Stock

Luminar Technologies ( (LAZR) ) has provided an update.

On May 22, 2025, Luminar Technologies filed a Certificate of Designations with the State of Delaware to establish the rights and preferences of its Series A Convertible Preferred Stock, following a securities purchase agreement with institutional investors. The company closed an offering of 35,000 shares of Series A Preferred Stock, generating net proceeds of $33.6 million, and issued additional common stock as a commitment fee, under a registration statement declared effective by the SEC.

The most recent analyst rating on (LAZR) stock is a Sell with a $18.00 price target. To see the full list of analyst forecasts on Luminar Technologies stock, see the LAZR Stock Forecast page.

Spark’s Take on LAZR Stock

According to Spark, TipRanks’ AI Analyst, LAZR is a Neutral.

The overall stock score is primarily impacted by Luminar’s financial instability and poor valuation metrics. Technical indicators are weak, while corporate events provide a slight positive influence. The earnings call presents a mixed outlook with both opportunities and challenges.

To see Spark’s full report on LAZR stock, click here.

More about Luminar Technologies

Luminar Technologies, Inc. operates in the technology sector, focusing primarily on the development and commercialization of advanced sensor technologies, including lidar, for the automotive industry.

Average Trading Volume: 2,534,575

Technical Sentiment Signal: Sell

Current Market Cap: $195.5M

See more data about LAZR stock on TipRanks’ Stock Analysis page.