GMHI News and Press, Luminar Technologies Inc Com Cl A

Shares of Luminar Technologies (LAZR) surged as high as 39% today after going public through a reverse merger with SPAC Gores Metropoulos (GMHI).The maker of light detection and ranging or lidar sensors received about $500M in cash in the deal. Lidar uses light (a pulsed laser) to m...

Gainers: Capitala Finance (CPTA) +16%. Ashford Hospitality Trust (AHT) +12%. Grupo Supervielle (SUPV) +10%. South Mountain Merger (SMMCU) +9%. Silvergate Capital (SI) +8%.Losers: Root (ROOT) -12%. Dragon Victory International (LYL) -10%. Lufax Holding (LU) -9%. Marathon Patent Group (MARA) -8...

Luminar raises nearly $600M gross proceeds; begins trading Dec 3rd under ticker “LAZR” Luminar Technologies, Inc. (“Luminar”), the global leader in automotive lidar hardware and software technology, and Gores Metropoulos, Inc. (“Gores M...

Gainers: Marathon Patent Group (MARA) +33%. HF Enterprises (HFEN) +14%. Gores Metropoulos (GMHI) +13%. Harvest Capital Credit (HCAP) +12%. AMCI Acquisition (AMCI) +11%.Losers: Cedar Realty Trust (CDR) -12%. Noah Holdings (NOAH) -11%. Unity Bancorp (UNTY) -8%. For further details see: MA...

Sunesis Pharmaceuticals (SNSS) +50% after announcing merger agreement with Viracta Therapeutics.China Automotive Systems (CAAS) +32% on guiding 2021 sales boom.India Globalization Capital (IGC) +24%.Ameri Holdings (AMRH) +26%.Oramed Pharmaceuticals (ORMP) +24%.Navios ...

Velodyne has just announced the availability of a new "Breakthrough Solid State Sensor for Advanced Driver Assistance Systems (ADAS) and Autonomy", a LiDAR system, the "Velarray H800". For shareholders, however, it is unclear what is so great about this LiDAR system, as Velodyne hardl...

GMHI is merging with industry-leading LIDAR manufacturer Luminar. Luminar already has contracts with Mobileye, Daimler and Volvo. The stock price could go into overdrive as the market learns how quickly the new product is being adopted. For further details see: Gores Met...

Gores Metropoulos, Inc. (NASDAQ: GMHI, GMHIU and GMHIW) (the “ Company ”), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 by Alec Gores, and by an affiliate of Dean Metropoulos, Metropou...

The pace of EV-SPAC deals in 2020 has been dizzying without showing any real signs of letting up despite some market turbulence on the way. A recap of some the deals recently completed or in the works is below.Electric Last Mile Solutions is in talks to go public through a merger with Forum M...

Mobileye (INTC) has tapped lidar technology startup Luminar to furnish sensors for its first-generation autonomous vehicle fleet.The agreement expands on a two-year partnership between the companies.Mobileye hopes to have a robotaxi service in operation by 2022. The company also aims to sell ...