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.”