Luminar Technologies ( (LAZR) ) has provided an announcement.
Luminar Technologies has appointed Dominick Schiano to its Board of Directors, leveraging his expertise in strategic business transformation. Additionally, the Board approved a reverse stock split at a 1-for-15 ratio, effective November 20, 2024, to enhance stock value. The company also settled a class action lawsuit, agreeing to a $125,000 payment to the plaintiff’s counsel to avoid further litigation costs.
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