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August 24, 2020 03:13 pm GMT

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 2017after 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 sponsored by […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/S4Z4CakcTkU/

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