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Luminar Technologies, Inc.

Company NameLuminar Technologies, Inc.
Stock SymbolLAZR

On March 17, 2023, news sources reported that Israeli startup, Lidwave, had threatened Luminar with legal action after accusing the Company of attempting to pass off a Lidwave processor as its own after Luminar showed an image of the processor at an investor conference and in materials on the Company’s website. Luminar subsequently removed the images in question from the presentation and its website.

On this news, Luminar’s stock price fell $0.68, or 8%, to close at $7.80 per share on March 20, 2023, thereby injuring investors.

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