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. Gores Metropoulos, which is listed on the Nasdaq exchange, is a special purpose acquisition company, or SPAC, … Continue reading Lidar startup Luminar to go public via $3.4 billion SPAC merger