Luminar is the latest transportation company to go public via a "reverse merger" with a so-called "blank check" special acquisition company, or SPAC. The combined company will retain the Luminar name and will begin trading on the Nasdaq under “LAZR” Dec. 3. NEW YORK (IT-Times) - Das US-amerikanische Sensortechnik-Unternehmen Luminar Technologies ist mit einem Reverse-Merger gestern an die Börse in New York gegangen. Luminar Technologies operates as a vehicle sensor and software company for passenger vehicles and trucks. Luminar Technologies Inc., another lidar company, recently went public through a merger with Gores Metropoulos Inc., turning its 25-year-old founder into one of the world’s youngest billionaires. And in this case, Gores Metropoulos is the SPAC and Luminar Technologies is the acquired company. The company operates in two segments, Autonomy Solutions and Other Component Sales. It raised $375 million in its January 2019 IPO by offering 37.5 million shares at a $10 offer price. Luminar Technologies and Gores Metropoulos today announced the completion of their business combination. Luminar SPAC Merger: 4 Things to Know About the AV Play LAZR Stock LAZR stock is finally available after Luminar completed its SPAC deal By … Jun Hong Heng’s special purpose acquisition company COVA Acquisition Corp. “We are making our next industry leap through our new long-term partnership with Gores Metropoulos, a team that has deep experience in technology and automotive and shares our vision of a safe autonomous future powered by Luminar.”. Luminar, a provider of automotive lidar technology, has agreed to merge with Gores Metropoulos Inc, a blank check company sponsored by … As a global leader in lidar autonomous driving technology, we are enabling the world’s first autonomous solutions for automotive series production in passenger cars and commercial trucks. Luminar is an automotive lidar technology maker for autonomous driving and electric vehicles. Read more. EV Battery Startup Italvolt To Build Gigafactory Near Turin In Northern Italy. Luminar, a start-up that makes guidance technology for self-driving vehicles, is going public through a SPAC. All Rights Reserved, This is a BETA experience. Jan 20, 2021 at 1:00 PM EST ... Home Technology Products Updates Careers Investors Contact ... sponsorship by, or approval of, any auto manufacturer of Luminar's products. Northland SPAC Conference . Das müssen Anleger jetzt beachten! Luminar is merging with Gores Metropoulos, an affiliate of The Gores Group investment firm and Metropoulos & Co., and will trade under the ticker “LAZR” upon completion of the deal later this year. Find me on Twitter at, From Los Angeles, America's capital of cars and congestion, I try to make sense of technology-driven changes reshaping how we get around. Luminar and Gores Metropoulos said the combined company will have an implied pro forma enterprise value of approximately $2.9 billion and an equity value of approximately $3.4 billion at closing. Another day, another transportation-related company is going public via a special purpose acquisition company deal. “This milestone is pivotal not just for us, but also for the larger automotive industry,” Luminar CEO Russell said. The advantage is a faster, cheaper route to going public and raising funds than a conventional IPO, and one that looks particularly appealing given the runup in major U.S. stock indices this year despite the economic devastation of the coronavirus pandemic. Alec Gores founded the global investment firm in 1987. Shares of Luminar Technologies (LAZR) surged as high as 39% today after going public through a reverse merger with SPAC Gores Metropoulos (NASDAQ:GMHI). Advanced Perception Our technology enables both detection and classification of objects out to 250 meters, from cars to lanes. The Palo Alto, California-based company in May won a multiyear agreement to supply its high-tech sensors to Volvo Cars, which will use them as part of an autonomous system for consumer vehicles hitting the market in 2022, one of the earliest commercial production deals for the exotic sensor technology. Die Aktie von Luminar Technologies stieg beim Börsendebüt und machte den erst 25-jährigen Gründer und CEO Austin Russell zum Milliardär. Luminar, which creates lidar technology critical to many automakers' autonomous driving efforts, is going public on Thursday through a special purpose acquisition company (SPAC… Aeva is going public via a … Luminar Technologies went public through a merger with Gores Metropoulos. This enterprising young man dropped out of Stanford in 2013 to found Luminar, a tech start-up developing light detection and ranging (LIDAR) technology for the self-driving vehicle industry. Luminar, a fast-growing maker of laser lidar sensors that help self-driving cars see the world, intends to list shares on Nasdaq NDAQ by merging with a SPAC … (Bloomberg) -- An investor behind autonomous-vehicle technology developer Luminar Technologies Inc. is now seeking a merger target in Southeast Asia after raising about $300 million via a blank-check firm. Wie bewerten Sie die aktuell angezeigte Seite? TSLA (wichtig für Montag), Mercedes-Benz: 200+ FUSO eCanter weltweit im täglichen Kundeneinsatz. That remains to be seen. But is Luminar a better company than Veloydne? The group's previous SPAC, Gores Metropoulos, raised $375 million in January of 2019 and recently completed its combination with lidar developer Luminar Technologies … Innoviz’s SPAC transaction comes after several competitors completed similar SPAC deals earlier this year. Find me on Twitter at @alanohnsman, © 2021 Forbes Media LLC. (CEO Elon Musk has described it as a “fool’s errand.”). Round, Claims $250 Million In Orders. The SPAC merger comes just three months after Luminar hit a critical milestone and announced that Volvo would start producing vehicles in 2022 equipped with its lidar and a … PYPL founder Thiel to build up the company, Luminar had raised about $250 million prior to today’s news. All third party trademarks (including logos and icons) appearing in this site are the property of their respective owners. The merger is expected to close in 2020’s fourth quarter. As a result, we have created the only lidar sensor that … Lidar’s ability to instantly create detailed 3D, point-cloud maps of a vehicle’s surroundings in daylight or darkness has made it essential technology for virtually every company working to perfect safe autonomous driving, with the notable exception of Tesla Luminar, a fast-growing maker of laser lidar sensors that help self-driving cars see the world, intends to list shares on Nasdaq Hit enter to search or ESC to close. Eilmeldung 20 Uhr: Top-Neuigkeiten bei Daimler, denn Montag wird gigantisch - Das Riesenüberraschung kommt, Buy LAZR Stock for Luminar's Apple Car Potential, Luminar, Velodyne shares gain as Apple talks with lidar suppliers for Apple Car, Wait for the Dip Before Buying More Luminar Technologies Stock, Luminar Technologies: Sky High Valuation A Cause For A Pause, Velodyne, Luminar stocks move lower on rival AEye's go-public plan, Impressum | AGB | Disclaimer | Datenschutz. Luminar Technologies Inc has agreed to go public through a $3.4 billion SPAC IPO merger with Gores Metropoulos Inc GMHI stock. In … Founder Russell, a Forbes 30 Under 30 alum, will continue as CEO, Tom Fennimore will remain as CFO and Alec Gores will join the Luminar board. Luminar Technologies (NASDAQ: LAZR) and Velodyne Lidar (NASDAQ: VLDR) both completed their SPAC mergers. Eilmeldung vor Mitternacht: Top-Neuigkeiten bei Daimler, denn Montag wird gigantisch - Das ist die Begründung!!! Luminar’s move comes amid a wave of SPAC-based listings in recent months, including Nikola Motor, a maker of hydrogen- and battery-powered trucks, rival lidar sensor maker Velodyne, Los Angeles-based EV startups Fisker Inc. and Canoo and electric truck startup Lordstown Motors. I follow technology-driven changes reshaping transportation. Luminar Technologies: Daimler-Partner legt fulminantes Börsendebüt via SPAC hin. Luminar has entered into a production deal with Volvo Cars to get its sensors on the road within ... [+] three years. . The Autonomy Solutions segment designs, manufactures, and sells lidar sensors, and related perception and autonomy software solutions for original equipment manufacturers in the automobile, … Luminar, a maker of lidar (light detection and ranging, or laser-light) systems for autonomous cars and trucks, received approximately $590 … No menu assigned; Deals Freight Infrastructure Logistics Private Equity Transportation Venture capital Lidar: Luminar Deal Shows Private Capital Loves the Tech that Tesla Loves to Hate. Russell... Sie erhalten auf FinanzNachrichten.de kostenlose Realtime-Aktienkurse von. Gores Metropoulos is its fourth SPAC since 2016. The Tesla Mafia: Elon Musk’s Ex-Employees Vie To Become His Top Rival, Aptera Closes $4 Million Series A Lordstown Electric Pickup Will Race Baja In Skateboard Form, Stellantis Makes First Appearance In European Sales Charts, Breathing Down VW’s Neck, Gatik Launches First Electric Automated Delivery Trucks, Ford Commits To EV-Only Future In Europe, First Model Due In 2023, Nissan Exec Denies Apple Talks, Addresses Turnaround Progress, A Match Made In Heaven For The Cloud And Autonomous Vehicles, multiyear agreement to supply its high-tech sensors to Volvo Cars. Gores has not yet filed an 8-K detailing the completion vote, but its press release noted that the final deal involved $406 million from its trust, indicating minimal or no redemptions. NDAQ Founded in 2012 by CEO Austin Russell, Luminar built a new type of lidar from the chip-level up, with technological breakthroughs across all core components. Luminar Technologies: Daimler-Partner legt fulminantes Börsendebüt via SPAC hin, DAIMLER-Aktie komplett kostenlos handeln - auf Smartbroker.de, Daimler Aktie: EILMELDUNG AM WOCHENENDE - Nächste Woche ändert sich einiges! … Additionally, Luminar said it hired 16 members of Samsung's Munich-based DRVLINE software team to help strengthen its development team. Luminar Technologies is a pure-play into the AV (Autonomous Vehicle) megatrend, particularly into the light detection and ranging system (LIDAR) … Luminar Technologies Inc (NASDAQ: LAZR) is making a historic rise up the charts since completing its its reverse merger with special purpose acquisition co (SPAC) Gores Metropoulos. Gores Metropoulos is an affiliate of the Gores Group. The transaction includes $400 million of cash from Gores Metropoulos and $170 million of additional funds from investors including Peter Thiel, Volvo Cars Tech Fund and Alec Gores, among others. Gores Metropoulos, Inc. (NASDAQ:GMHI) announced that it has closed its business combination with Luminar Technologies after securing shareholder approval on December 1. Luminar founder and CEO Austin Russell told TechCrunch that they wanted to … Luminar CEO and co-founder Austin Russell was poised to become a billionaire at 25 when his autonomous driving technology company Luminar went public on Thursday, December 3rd, 2020. The deal isRead More You may opt-out by. We even understand what "dark" objects are at night, like a black car or a tire on the road that has minimal reflectivity. Russell currently owns “Luminar founders preferred stock and Luminar common stock representing approximately 38% of the voting power of Luminar capital stock,” according to an SEC filing on the merger. Gores Metropoulos shares rose 7% to $11.40 in Nasdaq trading on Monday. Founded by optics prodigy Austin Russell in 2012, who dropped out of Stanford University after receiving a $100,000 fellowship in 2013 from PayPal by merging with a SPAC that raises cash and boosts the startup’s market cap to an estimated $3.4 billion. Luminar, which makes lidar sensors for autonomous cars, will be acquired via SPAC IPO, a big deal for venture capital's big sector trades. Luminar Technologies, Inc. /DE - 8-K, Current Report: 22: SEC Filings: LUMINAR TECHNOLOGIES Aktie jetzt für 0€ handeln: 04.02. I previously wrote about Luminar, an automotive lidar technology company, which agreed on Aug. 24 to merge with the Gores Metropoulos (NASDAQ: GMHI) SPAC. Luminar was founded by optics prodigy Austin Russell who just became one of the first billionaires to emerge from the autonomous vehicle world at 25. The equity value of the deal is $3.4 billion. From Los Angeles, America's capital of cars and congestion, I try to make sense of technology-driven changes reshaping how we get around. Luminar to merge with Gores SPAC. "Geleakte News": Noch "inoffiziell" und kursrelevant? Luminar Technologies (LAZR) went public through a SPAC merger with Gores Metropoulos in early December, and hardly any Wall Street analysts were covering the stock initially. NEW YORK (IT-Times) - Das US-amerikanische Sensortechnik-Unternehmen Luminar Technologies … Volvo kooperiert mit Luminar Technologies Lidar-Sensoren für selbstfahrende Autos Im Streben nach mehr Fahrsicherheit will Volvo künftige Modelle für das automatisierte Fahren vorbereiten. Current Luminar investors will receive about 272 million shares of Gores Metropoulos common stock at closing. Best SPAC to buy now!!! The Luminar technology will be used to deploy an automated driving system for highways.
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