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Technology Stocks : Ouster (OUST)

OUST 31.72

-4.9%

Nov 3 9:30 AM EST

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From: Sam	12/14/2021 11:26:50 AM
	of 244

Luminar, CEO, board members, and management to purchase LAZR stock Dec. 14, 2021 6:37 AM ET Luminar Technologies, Inc. (LAZR) By: Gaurav Batavia, SA News Editor 8 Comments Luminar Technologies (NASDAQ: LAZR) along with its CEO, board members, and management intents to purchase $250M or more of its Class A common stock from today. The company plans to use a portion of the proceeds from a proposed private financing transaction for the share repurchase. “Given our current position and our trajectory, we think our stock price has not reflected the wins and successes we’ve had over the past year since our public debut, with substantial inefficiency in the market," said Austin Russell, Luminar Founder and CEO. The company also expects additional capital to bolster balance sheet to accelerate growth. Source: Press Release seekingalpha.com

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