Luminar secures up to $200M following CEO departure and layoffs
21 May 2025 at 17:30
Lidar company Luminar reached a deal with Yorkville Advisors Global and an unnamed investor that could bring another $200 million into its coffers through the sale of convertible preferred stock over an 18-month period. The agreement, which was announced in a regulatory filing Wednesday, follows an abrupt change in leadership and layoffs. Earlier this month, [β¦]