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. Try Now>>
Read More on LAZR:
- Largest borrow rate increases among liquid names
- Cautious Outlook for Luminar Technologies Amid Leadership Changes and Financial Challenges
- Luminar Technologies Delays 10-Q Filing Amid Executive Changes
- Luminar Technologies’ Earnings Call: A Mixed Outlook
- Luminar Technologies Announces New CEO Appointment
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue