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Technology Stocks : Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW)
VLDR 6.160-3.3%Oct 15 4:00 PM EDT

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From: Sam6/29/2021 7:08:34 AM
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Luminar Technologies announces secondary offering of 9M shares
Jun. 29, 2021 6:28 AM ET Luminar Technologies, Inc. (LAZR) By: Niloofer Shaikh, SA News Editor

Luminar Technologies (NASDAQ: LAZR) files for 9M shares of Class A stock offering by selling shareholders, representing ~2.6% outstanding stock.

The Selling stockholder will retain 96,118,203 shares of Class B common stock.

Underwriters' over-allotment is an additional 1.35M shares of Class A stock.

The company will not receive any proceeds from this offering.

Shares down 1.2% premarket.

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