Reported about 8 hours ago
In a dramatic twist for lidar firm Luminar, its founder and CEO Austin Russell has announced a bid to acquire the company after being ousted amid an ethics investigation. Though initially perceived as a hostile move, sources indicate that some board members had encouraged his return. Additionally, the week saw notable deals in electric aviation, including Beta Technologies moving forward with its IPO and Archer Aviation acquiring 300 patents from defunct startup Lilium.
Source: YAHOO