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Luminar raises nearly $600M gross proceeds; begins trading under ticker “LAZR”
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PALO ALTO & LOS ANGELES, Calif.--(BUSINESS WIRE)--Luminar Technologies, Inc. (“Luminar”), the global leader in automotive lidar hardware and software technology, and Gores Metropoulos, Inc. (“Gores Metropoulos”) (Nasdaq: GMHI, GMHIU and GMHIW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC and an affiliate of Metropoulos and Co., today announced the completion of their previously announced business combination (the “Business Combination”). The combined company will retain the Luminar Technologies, Inc. name and will commence trading on Nasdaq under the new ticker symbol “LAZR” on December 3, 2020. The Business Combination was approved at a special meeting of Gores Metropoulos stockholders on December 1, 2020.
Shift Announces Inaugural Trading on Nasdaq
SAN FRANCISCO, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Shift (Nasdaq: SFT), a leading end-to-end ecommerce platform for buying and selling used cars, has announced shares of its common stock have begun trading on the Nasdaq under the ticker symbol “SFT” and warrants under ticker symbol “SFTTW.”
Lidar Startup Luminar to go Public via $3.4 Billion SPAC Merger
Luminar, the lidar startup that burst onto the autonomous vehicle scene in April 2017 after operating for years in secrecy, is merging with special purpose acquisition company Gores Metropoulos Inc., with a post-deal market valuation of $3.4 billion.
Shift Technologies and Insurance Acquisition Corp. Combine to Bring to the Public Markets the Newest Pure-Play in the Used Car Auto Ecommerce Market
SAN FRANCISCO, June 29, 2020 /PRNewswire/ -- Shift Technologies Inc. ("Shift"), an e-commerce platform on a mission to make car-buying convenient, fair, and accessible for everyone, and Insurance Acquisition Corp. (Nasdaq: INSU), a publicly traded special purpose acquisition company, today announced they have entered into a definitive merger agreement whereby Shift will combine with Insurance Acquisition Corp. In connection with the closing of the transaction, Insurance Acquisition Corp. intends to change its name to Shift Technologies, Inc. and remain NASDAQ-listed under a new ticker symbol. The transaction is expected to close in the third quarter of 2020.