Reported 3 days ago
Austin Russell, the ousted CEO and co-founder of Luminar, has made a bid to acquire the company five months after his removal due to an ethics inquiry. His proposal, disclosed in an SEC filing, involves his new firm, Russell AI Labs, purchasing all outstanding shares of Luminar’s Class A stock. If successful, the acquisition could lead to the creation of a larger unified technology platform in the automotive sector.
Source: YAHOO