Luminar Technologies Inc

LAZR

Luminar Technologies Inc

@CAT
6 months ago

CFO Resigns for “Other Opportunities”

So it looks like Luminar is further wavering as their CFO is resigning and they’re cutting jobs ~25%. Seems pretty grim overall but…

I was just wondering how you guys see this sort of situation? Because, Austin Russell, the founder of Luminar has been considering a buyout; but does that mean he’ll buy it on the public market, or wait for bankruptcy?

https://www.techbuzz.ai/articles/luminar-warns-of-cash-shortage-cuts-25-of-staff-amid-ceo-buyout