I'm tackling all your questions, including what a reverse merger is and when to expect the Luminar IPO date. It built its LiDAR systems from scratch. Summary By Date (with Search) Institutional Ownership and Shareholders Luminar Technologies, Inc. Volvo will use Luminar’s products in its 2022 vehicles. But is Luminar Technologies stock a good investment opportunity? The Luminar deal implies a pro forma enterprise value of $2.9 billion, and market capitalization of … This allows for seven seconds of reaction time at a speed of 65 miles per hour. The Business Combination was approved at a special meeting of Gores Metropoulos stockholders on December 1, 2020. Luminar Technologies is making its way toward the Nasdaq Exchange, but they're not taking the traditional route to the public domain. By both volume and stock price performance, these companies are trading into one of the hottest IPO markets in history. Luminar Technologies Inc . Whether you’re a beginner or an experienced investor, there’s something here for everyone. A reverse merger effectively speeds up the IPO process by eliminating the road show to attract investors that typically precedes an IPO. Security: LAZR / Luminar Technologies, Inc. Class A Latest Market Date: 2021-01-05: Short Volume: 1,426,726: Market Volume: 6,778,600: Short Volume Ratio Instead, the company is doing a reverse SPAC merger. Luminar is registered under the ticker NASDAQ:LAZR . 24/7 Wall St. 2020’s Top Online Brokers Athletic Company JD Sports Gets a U.S. LAZR is involved in the development, manufacture, and sale of sensors for driverless cars. Luminar Technologies Inc has agreed to go public through a $3.4 billion SPAC IPO merger with Gores Metropoulos Inc GMHI stock. Best SPAC to buy now!!! To learn more about SPAC IPOs, feel free to check out that link. And Luminar Technologies claims its sensor is the only one to meet requirements for Level 3 to Level 5 autonomous vehicles. On December 3, 2020, Luminar Technologies, a company that manufactures automotive LiDAR technology, went public through a merger with special purpose acquisition company (SPAC) Gores Metropoulos. It has been a banner year for stocks of companies that want to disrupt the automotive industry, and Luminar Technologies (NASDAQ:LAZR) is the latest to ride the wave.. Luminar … But is Luminar Technologies stock a good investment opportunity? It provides advanced technology for autonomous driving vehicles. Recurring Once. Luminar Technologies Inc. SEC filings breakout by MarketWatch. Source: Luminar Technologies The Luminar IPO Date Is Coming Via a Reverse Merger By Rachel Curry. Follow Luminar Tech's earnings. Luminar is funded by 21 investors. CEO Austin Russell founded Luminar Technologies in 2012. ... cheaper route to going public and raising funds than a conventional IPO, … Aug 24, 2020 11:16 AM EDT Driverless-car startup Luminar Technologies will go public in a $3.4 billion merger with blank-check company Gores Metropoulos (GMHI) - Get Report. In 2022, Volvo will use Luminar’s sensor for its first fully self-driving technology for highways in next-generation production vehicles. special purpose acquisition company (SPAC) deal, GoDaddy Stock Looks Like a Buy Due to Digital Potential, U.K. Robinhood typically allows a set number of IPO transactions starting at 8:00 a.m. on the opening day, so clock in when trading starts to try and get your pick. The company operated in stealth until 2017 when it revealed its product. Gores Metropoulos, Inc. 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