Luminar Technologies entered into separate, individually negotiated private exchange agreements with certain holders of its outstanding 1.25% Convertible Senior Notes due 2026.
- Company to exchange $18.2m of Notes for newly issued shares of the Company’s Class A common stock, plus, in certain circumstances, cash in respect of accrued and unpaid interest on the Exchanged Notes
- Luminar will not receive any cash proceeds from the Exchange Transactions
- Following the consummation of the Exchange Transactions, an aggregate of $184.9m aggregate principal amount of Notes will remain outstanding
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