Luminar Technologies (LAZR) Registration Filing summary

Company overview and business model

• Specializes in advanced LiDAR hardware and software for next-generation safety and autonomous vehicle capabilities in passenger and commercial vehicles, with expanding applications in adjacent markets such as semiconductor components and 3D mapping software.

• Developed proprietary technology in-house to meet performance, safety, reliability, and cost requirements for automotive OEMs and mobility sector clients.

• Incorporated in Delaware, with a history as a SPAC and subsequent business combination; principal offices in Orlando, FL.

Financial performance and metrics

• As of June 30, 2025, net tangible book value was $(265.5) million, or $(4.56) per share; as adjusted for the offering, net tangible book value would be $(55.9) million, or $(0.34) per share.

• Immediate dilution to new investors of $2.33 per share is expected upon conversion of Series A preferred stock.

• Outstanding 2026 Convertible Notes total approximately $134.9 million as of August 21, 2025.

Use of proceeds and capital allocation

• Net proceeds will be used for general corporate purposes, including payment of interest on debt and to repay, repurchase, or service such debt, with potential repurchase of 2026 Convertible Notes.

• Pending use, proceeds may be invested in short-term, investment-grade, interest-bearing securities.