Luminar estimates that the net proceeds from the issuance of the additional notes will be approximately $24.4 million after deducting the initial purchasers’ discount, for aggregate net proceeds from the offering of approximately $608.4 million after deducting the initial purchasers’ discount and estimated offering expenses payable by Luminar.
(“Luminar”) issued an additional $25.0 million aggregate principal amount of its 1.25% convertible senior notes due 2026 (the “notes”) pursuant to the partial exercise by the initial purchasers of their option to purchase additional notes granted in Luminar’s original offering of the notes. On December 23, 2021, Luminar Technologies, Inc. The Prospectus and this prospectus supplement relates to the offer and sale from time to time by the selling stockholders (which term as used in this prospectus, includes their respective transferees, pledgees, distributees, donees, and successors-in-interest) named herein of up to 941,940 shares of our Class A common stock, par value $0.0001 per share (the “Class A common stock”), which consist of (i) up to 450,000 shares of Class A common stock that will be issued in a private placement in connection with the closing of our acquisition of a certain engineering company pursuant to a Stock Purchase Agreement, dated as of Jby and among us, a certain engineering company, the stockholders of such company and a certain individual, solely in his capacity as the Seller Representative (the “Stock Purchase Agreement,”), (ii) up to 200,000 shares of Class A common stock that may be issued to the stockholders of such engineering company in a private placement contingent upon satisfaction of certain milestones pursuant to the Stock Purchase Agreement, and (iii) up to 291,940 shares of Class A common stock that will be issued in a private placement to pursuant to a certain engineering and manufacturing services arrangement.