Tom Hausken: You said that this is a public offering, it's not an initial public offering, it’s not an IPO, I guess. In fact, the majority of them increase their stakes because they see the long term value of Luminar. So all the cash stays with us or our shareholders aren't selling any stock as part of a transaction. It gives us flexibility to adjust and pivot and act opportunistically as new opportunities are put forward.Īs we've been growing, post public offering, and expanding the team with the staff we need, it also allowed us to put the company in a really, really strong financial position. So it was really a big event.Īnd for the company, and all those years of us trying to grow our company, it really is enabling us to accelerate production and the commercialization of our industry leading hardware, and then further bolster the software solution. Something we were really excited about because it really represented not only a growth opportunity for us within Luminar but also for the entire automotive industry.Īnd it strengthened our position to be the global leader in LIDAR and software for autonomous vehicles. Jason Eichenholz: Luminar’s listing, via our SPAC back in December was a pivotal moment for the company. If we could just start with you explaining a bit about what the public offering is and why it's important to Luminar and LIDAR generally for listeners and what happened and why it’s important. Tom Hausken: Congratulations on this milestone in Luminari’s path. Tom Hausken: Jason has an MS and PhD from Creole at the University of Central Florida and a BS in physics from Rensselaer Polytechnic Institute. He's a fellow of OSA and holds more than 35 patents on lasers and photonic devices. Tom Hausken: At Luminar Jason's responsible for R & D and engineering new products and bringing lunminar’s technology to market. Tom Hausken: Welcome, today we have Jason Eichenholz co-founder and chief technology officer at luminar technologies.
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